§ 18-2-201 Security requirements
§ 18-2-202 Failure to require security — waiver
§ 18-2-203 Amount and terms of security
§ 18-2-204 Right of action on security — notice
§ 18-2-205 Effect of dealing with subcontractor
§ 18-2-206 Notice to contractor concerning subcontractor
§ 18-2-207 Costs — attorney fees
§ 18-2-208 Exceptions

Terms Used In Montana Code > Title 18 > Chapter 2 > Part 2 - Performance, Labor, and Materials Bonds

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • 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
  • Writing: includes printing. See Montana Code 1-1-203