Montana Code Annotated 2019

TITLE 17. STATE FINANCE

CHAPTER 5. PUBLIC BOND ISSUES

Part 16. Municipal Finance Consolidation Act

Presumption Of Validity

17-5-1625. Presumption of validity. After issuance, all bonds or notes of the board are conclusively presumed to be fully authorized by and issued under all the laws of this state and any person or governmental unit is estopped from questioning their proper authorization, sale, issuance, execution, or delivery by the board.

History: En. Sec. 16, Ch. 620, L. 1983.