Montana Statutes
§ 71-2-101 — Definitions
71-2-101 . Definitions.
(1)"Pledge" is a deposit of personal property by way of security for the performance of another's act.
(2)A pledgor and pledgee may agree upon a third person with whom to deposit the property pledged, who, if the third person accepts the deposit, is called a "pledge holder".
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 71-2-101 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(1)En. Sec. 3890, Civ. C. 1895; re-en. Sec. 5774, Rev. C. 1907; re-en. Sec. 8292, R.C.M. 1921; Cal. Civ. C. Sec. 2986; Field Civ. C. Sec. 1647; re-en. Sec. 8292, R.C.M. 1935; Sec. 65-101, R.C.M. 1947; (2)En. Sec. 3897, Civ. C. 1895; re-en. Sec. 5781, Rev. C. 1907; re-en. Sec. 8299, R.C.M. 1921; Cal. Civ. C. Sec. 2993; Field Civ. C. Sec. 1654; re-en. Sec. 8299, R.C.M. 1935; Sec. 65-108, R.C.M. 1947; R.C.M. 1947, 65-101, 65-108; amd. Sec. 2254, Ch. 56, L. 2009.
Nearby Sections
10
§ 71-2-101
Definitions§ 71-2-102
When Contract Considered A Pledge§ 71-2-103
Delivery Required§ 71-2-104
Pledgee Or Pledge Holder For Reward§ 71-2-105
Gratuitous Pledge Holder§ 71-2-106
Obligations Of Pledge Holder§ 71-2-107
Property Pledged To Extent Of Lien§ 71-2-108
When Pledge May Not Be Withdrawn§ 71-2-109
When Real Owner Cannot Defeat Pledge