Montana Statutes
§ 71-2-103 — Delivery Required
71-2-103 . Delivery required. The lien of a pledge is dependent on possession, and no pledge is valid until the property pledged is delivered to the pledgee or to a pledge holder, as hereafter prescribed.
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Legislative History
En. Sec. 3892, Civ. C. 1895; re-en. Sec. 5776, Rev. C. 1907; re-en. Sec. 8294, R.C.M. 1921; Cal. Civ. C. Sec. 2988; Field Civ. C. Sec. 1649; re-en. Sec. 8294, R.C.M. 1935; R.C.M. 1947, 65-103.
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When Pledge May Not Be Withdrawn§ 71-2-109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