53-30-505. Contract time limit. A contract entered into under 53-30-504 may not exceed a term of 30 years and must contain provisions for renegotiation after 30 years. The provisions of 18-4-313 that limit the term of a contract do not apply to a contract authorized by 53-30-504.

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Terms Used In Montana Code 53-30-505

  • Contract: A legal written agreement that becomes binding when signed.