Montana § 1-1-206 Terms Relating To Obligations And Transactions

Montana Statutes

§ 1-1-206 — Terms Relating To Obligations And Transactions

Montana § 1-1-206

Title 1GENERAL LAWS AND DEFINITIONS

Ch. 1GENERAL PROVISIONS

Part 2General Definitions of Terms Used in Code

This text of Montana § 1-1-206 (Terms Relating To Obligations And Transactions) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 1-1-206 (2026).

Text

1-1-206 . Terms relating to obligations and transactions. Unless the context requires otherwise, the following definitions apply in the Montana Code Annotated:

(1)"Customary" means according to usage.

(2)"Third persons" means all persons who are not parties to the obligation or transaction concerning which the phrase is used.

(3)"Usage" means a reasonable and lawful public custom concerning transactions of the same nature as those which are to be affected thereby, existing at the place where the obligation is to be performed, and either known to the parties or so well established, general, and uniform that the parties must be presumed to have acted with reference thereto.

(4)"Usual" means according to usage.

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1-1-206 . Terms relating to obligations and transactions. Unless the context requires otherwise, the following definitions apply in the Montana Code Annotated:
(1) "Customary" means according to usage.
(2) "Third persons" means all persons who are not parties to the obligation or transaction concerning which the phrase is used.
(3) "Usage" means a reasonable and lawful public custom concerning transactions of the same nature as those which are to be affected thereby, existing at the place where the obligation is to be performed, and either known to the parties or so well established, general, and uniform that the parties must be presumed to have acted with reference thereto.
(4) "Usual" means according to usage.

Legislative History

En. Sec. 16, Pol. C. 1895; re-en. Sec. 16, Rev. C. 1907; amd. Sec. 4, Ch. 4, L. 1921; re-en. Sec. 16, R.C.M. 1921; Cal. Pol. C. Sec. 17; re-en. Sec. 16, R.C.M. 1935; amd. Sec. 1, Ch. 25, L. 1947; amd. Sec. 11-114, Ch. 264, L. 1963; amd. Sec. 3, Ch. 309, L. 1977; R.C.M. 1947, 19-103(part), (15) thru (18).