Montana Statutes

§ 30-11-604 — Liability Of Factor Under Guaranty Commission

Montana § 30-11-604
JurisdictionMontana
Title 30TRADE AND COMMERCE
Ch. 11SALES
Part 6Factors

This text of Montana § 30-11-604 (Liability Of Factor Under Guaranty Commission) 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. § 30-11-604 (2026).

Text

30-11-604 . Liability of factor under guaranty commission. A factor who charges the principal with a guaranty commission upon a sale assumes absolutely to pay the price when it falls due as if it were a debt of the factor's own and not as a mere guarantor for the purchaser. The factor does not assume any additional responsibility for the safety of the remittance of the proceeds.

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Legislative History

En. Sec. 2753, Civ. C. 1895; re-en. Sec. 5293, Rev. C. 1907; re-en Sec. 7808, R.C.M. 1921; Cal. Civ. C. Sec. 2029; Based on Field Civ. C. Sec. 1048; re-en. 7808, R.C.M. 1935; R.C.M. 1947, 2-404; amd. Sec. 936, Ch. 56, L. 2009.

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Bluebook (online)
Montana § 30-11-604, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/11/30-11-604.