Library Loan Legalities Explored
Summary
The user inquired about the legality of providing a personal loan to a library in Montana for the purpose of purchasing bookshelves. It was clarified that individuals can make such loans, but its crucial to have a written agreement outlining the terms, including the repayment plan.Full Conversation
Can I give a library a loan for bookshelves in Montana?
Are you planning to give this loan as an individual or through a business entity?
Individual.
What is the amount of the loan you are planning to give?
In Montana, individuals can make loans to libraries. However, it's important to have a written agreement outlining the terms.
*,*
What is the repayment plan for this loan?
In Montana, it's crucial to include repayment terms in your written agreement to avoid any future disputes.