Montana § 31-2-201 When Debtor May Execute Assignment

Montana Statutes

§ 31-2-201 — When Debtor May Execute Assignment

Montana § 31-2-201

Title 31CREDIT TRANSACTIONS AND RELATIONSHIPS

Ch. 2DEBTOR AND CREDITOR RELATIONSHIPS

Part 2Assignments for Benefit of Creditors

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Bluebook

Mont. Code Ann. § 31-2-201 (2026).

Text

31-2-201 . When debtor may execute assignment. An insolvent debtor may, in good faith, execute an assignment of property to one or more assignees in trust for the satisfaction of the debtor's creditors, in conformity with the provisions of this part, subject to the provisions of this code relative to trusts and fraudulent transfers and to the restrictions imposed by law upon assignments by special partnerships, corporations, or other specific classes or persons.

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31-2-201 . When debtor may execute assignment. An insolvent debtor may, in good faith, execute an assignment of property to one or more assignees in trust for the satisfaction of the debtor's creditors, in conformity with the provisions of this part, subject to the provisions of this code relative to trusts and fraudulent transfers and to the restrictions imposed by law upon assignments by special partnerships, corporations, or other specific classes or persons.

Legislative History

En. Sec. 4510, Civ. C. 1895; re-en. Sec. 6136, Rev. C. 1907; re-en. Sec. 8612, R.C.M. 1921; Cal. Civ. C. Sec. 3449; Field Civ. C. Sec. 1924; re-en. Sec. 8612, R.C.M. 1935; R.C.M. 1947, 18-301; amd. Sec. 985, Ch. 56, L. 2009.