Montana Code > Title 18 > Chapter 1 > Part 3 – Prepayment of Public Contractors


§ 18-1-301	Contractor withdrawals — deposit of obligations
§ 18-1-302	Servicing of deposited obligations
§ 18-1-303	Interest or income on deposits to contractor
§ 18-1-304	Priority of deductions from retained payments and proceeds of deposited obligation

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Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. ^{Source: OCC}
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
United States: includes the District of Columbia and the territories. See Montana Code 1-1-201