Notwithstanding the form or tenor thereof and in the absence of an express recital on the face thereof that the bond is nonnegotiable, all refunding bonds shall at all times be and shall be treated as fully negotiable within the meaning of and for the purposes of the Uniform Commercial Code--Investment Securities.
Mont. Code Ann. § 7-7-4608
Refunding revenue bonds to be fully negotiable
Known as the The Revenue Bond Refinancing Act
The act spans §§ 7–7 (24 sections).
En
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.