Montana § 25-13-712 Property Subject To A Security Interest -- Disposition Of Proceeds, Security Agreement

Montana Statutes

§ 25-13-712 — Property Subject To A Security Interest -- Disposition Of Proceeds, Security Agreement

Montana § 25-13-712

Title 25CIVIL PROCEDURE

Ch. 13EXECUTION OF JUDGMENT

Part 7Sale on Execution

This text of Montana § 25-13-712 (Property Subject To A Security Interest -- Disposition Of Proceeds, Security Agreement) 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. § 25-13-712 (2026).

Text

25-13-712 . Property subject to a security interest -- disposition of proceeds, security agreement.

(1)When the property taken under 25-13-505 is sold under process, the officer levying the writ must apply the proceeds of the sale as follows:

(a)to the repayment of the sum paid to the secured party, with interest from the date of such payment; and

(b)the balance, if any, in like manner as the proceeds of sales under execution are applied in other cases.

(2)In the event the property is sold under execution, such creditor shall be required to deliver to the debtor the security agreement and any note or other evidence of indebtedness secured thereby obtained from the secured party when the property is sold for the amount of the indebtedness under the security agreement or an amount in exc

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25-13-712 . Property subject to a security interest -- disposition of proceeds, security agreement. (1) When the property taken under 25-13-505 is sold under process, the officer levying the writ must apply the proceeds of the sale as follows:
(a) to the repayment of the sum paid to the secured party, with interest from the date of such payment; and
(b) the balance, if any, in like manner as the proceeds of sales under execution are applied in other cases.
(2) In the event the property is sold under execution, such creditor shall be required to deliver to the debtor the security agreement and any note or other evidence of indebtedness secured thereby obtained from the secured party when the property is sold for the amount of the indebtedness under the security agreement or an amount in excess thereof.

Legislative History

En. Sec. 1, Ch. 111, L. 1921; re-en. Sec. 9291, R.C.M. 1921; re-en. Sec. 9291, R.C.M. 1935; amd. Sec. 11-162, Ch. 264, L. 1963; R.C.M. 1947, 93-4338(part).