Montana § 28-11-418 Surety Entitled To Benefit Of Security Held By Creditor Or Cosurety

Montana Statutes

§ 28-11-418 — Surety Entitled To Benefit Of Security Held By Creditor Or Cosurety

Montana § 28-11-418

Title 28CONTRACTS AND OTHER OBLIGATIONS

Ch. 11GUARANTY, INDEMNITY, AND SURETYSHIP

Part 4Suretyship

This text of Montana § 28-11-418 (Surety Entitled To Benefit Of Security Held By Creditor Or Cosurety) 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. § 28-11-418 (2026).

Text

28-11-418 . Surety entitled to benefit of security held by creditor or cosurety. A surety is entitled to the benefit of every security for the performance of the principal obligation held by the creditor or by a cosurety at the time of entering into the contract of suretyship or acquired by the creditor or cosurety afterwards, whether the surety was aware of the security or not.

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Legislative History

En. Sec. 3695, Civ. C. 1895; re-en. Sec. 5692, Rev. C. 1907; re-en. Sec. 8207, R.C.M. 1921; Cal. Civ. C. Sec. 2849; Field Civ. C. Sec. 1570; re-en. Sec. 8207, R.C.M. 1935; R.C.M. 1947, 30-506; amd. Sec. 837, Ch. 56, L. 2009.