Montana Code 7-3-152. Effect of adoption of new form of government or change in plan of government
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7-3-152. Effect of adoption of new form of government or change in plan of government. The adoption of a new form of government or a change in a plan of government does not affect the validity of any bond, debt, contract, obligation, or cause of action accrued or established under the prior form of government.
Terms Used In Montana Code 7-3-152
- Contract: A legal written agreement that becomes binding when signed.
- form: means one of the types of local government enumerated in 7-3-102 and the type of government described in 7-3-111. See Montana Code 7-3-122
- 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.
- Plan of government: has the meaning provided in 7-1-4121. See Montana Code 7-3-122