§ 7-7-101 Repealed
§ 7-7-102 Repealed
§ 7-7-103 Repealed
§ 7-7-104 Limitation on action to test bond validity
§ 7-7-105 Challenges to local government bond elections
§ 7-7-106 Hearing and determination on challenge
§ 7-7-107 Limitation on amount of bonds for city-county consolidated units
§ 7-7-108 Authorization for additional indebtedness for water or sewer systems
§ 7-7-109 Definitions — sale of notes in anticipation of federal or state revenue or issuance of bonds
§ 7-7-110 Authorization of bonds
§ 7-7-111 Bond election — impact on value
§ 7-7-121 Misconduct in relation to bond funds
§ 7-7-122 Prosecution for misconduct
§ 7-7-123 Investment of sinking funds of local governments
§ 7-7-124 Limitation on investment of sinking funds
§ 7-7-131 Bankruptcy — definitions
§ 7-7-132 Procedure to declare bankruptcy
§ 7-7-133 Power to comply with court decrees related to bankruptcy
§ 7-7-134 Role of state and state agencies in relation to bankruptcy
§ 7-7-140 Recovery zone economic development bonds and recovery zone facility bonds
§ 7-7-141 Qualified energy conservation bonds
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Terms Used In Montana Code > Title 7 > Chapter 7 > Part 1 - General Provisions Related to Local Governments

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • 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.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Property: means real and personal property. See Montana Code 1-1-205
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • 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
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes the District of Columbia and the territories. See Montana Code 1-1-201