Montana Statutes
§ 27-1-306 — When Replacement Value To Be Allowed
Montana·Title 27 CIVIL LIABILITY, REMEDIES, AND LIMITATIONS·Ch. 1 AVAILABILITY OF REMEDIES -- LIABILITY·Part 3 Measure of Damages
27-1-306 . When replacement value to be allowed. The measure of damages in a case in which the cost of repairing a motor vehicle exceeds its value is the actual replacement value of the motor vehicle rather than its "book" value unless, after the damages arise, the parties agree to use the "book" value. "Book" value must be determined by referring to the most recent used car value and pricing information published by an organization nationally recognized for providing information related to used car value and pricing. Actual replacement value is the actual cash value of the motor vehicle immediately prior to the damage. "Book" value may be used to assist in determining the actual replacement value of the motor vehicle.
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Legislative History
En. Sec. 1, Ch. 320, L. 1981; amd. Sec. 1, Ch. 71, L. 1997; amd. Sec. 62, Ch. 51, L. 1999; amd. Sec. 1, Ch. 472, L. 1999; amd. Sec. 21, Ch. 515, L. 1999; amd. Sec. 40, Ch. 130, L. 2005; amd. Sec. 3, Ch. 8, L. 2025.
Nearby Sections
15
§ 27-1-101
Judicial Remedies Defined§ 27-1-102
Actions And Special Proceedings Defined§ 27-1-103
Civil And Criminal Actions§ 27-1-104
Bases For Civil Actions§ 27-1-105
Obligation Defined§ 27-1-106
Injury Defined§ 27-1-107
Kinds Of Relief -- When Given§ 27-1-1101
Definition§ 27-1-1102
Duty To Warn Of Violent Behavior§ 27-1-1103
Immunity From Liability§ 27-1-1501
Short Title§ 27-1-1502
Findings -- Purpose§ 27-1-1503
Civil Action§ 27-1-1504
Reserved§ 27-1-1505
Liens