Montana § 27-18-804 Sale Of Property Subject To A Security Interest -- Disposition Of Proceeds, Security Agreement

Montana Statutes

§ 27-18-804 — Sale Of Property Subject To A Security Interest -- Disposition Of Proceeds, Security Agreement

Montana § 27-18-804

Title 27CIVIL LIABILITY, REMEDIES, AND LIMITATIONS

Ch. 18PREJUDGMENT ATTACHMENT

Part 8Sale of Attached Property

This text of Montana § 27-18-804 (Sale Of 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. § 27-18-804 (2026).

Text

27-18-804 . Sale of property subject to a security interest -- disposition of proceeds, security agreement.

(1)When the property taken under 27-18-413 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 attachment, such attaching 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

Free access — add to your briefcase to read the full text and ask questions with AI

27-18-804 . Sale of property subject to a security interest -- disposition of proceeds, security agreement. (1) When the property taken under 27-18-413 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 attachment, such attaching 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).