17-6-320. Loan recipients -- notice.
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/mt/title-17/chapter-6/part-3/17-6-320·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
17-6-320 . Loan recipients -- notice.
(1)If an owner of a coal-fired generating unit receives a loan in accordance with this part, the owner shall provide the board of investments and the governor of Montana with a minimum of 90 days' notice prior to filing for bankruptcy, reorganization, or other insolvency proceeding or prior to a merger, sale, or transfer, by operation of law or otherwise.
(2)A successor to the owner, whether pursuant to a bankruptcy, reorganization, or other insolvency proceeding or pursuant to a merger, sale, or transfer, by operation of law or otherwise, shall perform and satisfy all obligations of the owner pursuant to this part in the same manner and to the same extent as the owner.