71-3-553. Action upon bond -- period of limitation same. (1) When a bond is filed as provided in 71-3-551, the person filing such lien may bring an action upon the bond.
     (2) Such action shall be commenced within the time allowed for the commencement of an action upon foreclosure of a lien, and the statute of limitations applicable to a lien foreclosure shall apply to an action upon such bond as it would had no bond been filed.

     History: En. Sec. 3, Ch. 338, L. 1971; R.C.M. 1947, 45-515; Sec. 71-3-518, MCA 1985; redes. 71-3-553 by Code Commissioner, 1987.