1. MCA Contents
  2. TITLE 70
  3. CHAPTER 29
  4. Part 3
  5. 70-29-330 Duty of clerk as to security and investments

TITLE 70. PROPERTY

CHAPTER 29. PARTITION OF REAL PROPERTY

Part 3. Sale and Disposition of Proceeds

Duty Of Clerk As To Security And Investments

70-29-330. Duty of clerk as to security and investments. The clerk of court in whose name a security is taken or by whom an investment is made and the clerk's successors in office:

(1) must receive the interest and principal as it becomes due and shall apply and invest the interest and principal as the court may direct;

(2) shall deposit with the county treasurer all securities taken; and

(3) shall keep an account of investments and money received and the disposition of the investments and money in a book provided and kept for that purpose in the clerk's office that is free for inspection by all persons.

History: En. Sec. 531, p. 147, Bannack Stat.; re-en. Sec. 303, p. 196, L. 1867; re-en. Sec. 352, p. 104, Cod. Stat. 1871; rep. Sec. 627, p. 215, L. 1877; en. Sec. 1386, C. Civ. Proc. 1895; re-en. Sec. 6929, Rev. C. 1907; re-en. Sec. 9562, R.C.M. 1921; Cal. C. Civ. Proc. Sec. 791; re-en. Sec. 9562, R.C.M. 1935; R.C.M. 1947, 93-6347; amd. Sec. 2230, Ch. 56, L. 2009.