Unapproved securities void

  1. Law
  2. Montana Code Annotated
  3. Public Utilities and Carriers
  4. Regulation of Utilities
  5. Issuance of Securities and Creation of Liens
  6. Unapproved securities void

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69-3-506. Unapproved securities void. Except as provided in 69-3-505, all securities issued, assumed, or guaranteed after July 1, 1961, without approval by the commission as provided herein shall be void.

History: En. Sec. 5, Ch. 74, L. 1961; R.C.M. 1947, 70-117.5.


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