Montana § 30-2A-407 Irrevocable Promises -- Finance Leases

Montana Statutes

§ 30-2A-407 — Irrevocable Promises -- Finance Leases

Montana § 30-2A-407

Title 30TRADE AND COMMERCE

Ch. 2AUNIFORM COMMERCIAL CODE LEASES

Part 4Performance of Lease Contract Repudiated, Substituted, and Excused

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Bluebook

Mont. Code Ann. § 30-2A-407 (2026).

Text

30-2A-407 . Irrevocable promises -- finance leases.

(1)In the case of a finance lease that is not a consumer lease, the lessee's promises under the lease contract become irrevocable and independent upon the lessee's acceptance of the goods.

(2)A promise that has become irrevocable and independent under subsection (1):

(a)is effective and enforceable between the parties and by or against third parties, including assignees of the parties; and

(b)is not subject to cancellation, termination, modification, repudiation, excuse, or substitution without the consent of the party to whom the promise runs.

(3)This section does not affect the validity under any other law of a covenant in any lease contract making the lessee's promises irrevocable and independent upon the lessee's acceptance of th

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30-2A-407 . Irrevocable promises -- finance leases. (1) In the case of a finance lease that is not a consumer lease, the lessee's promises under the lease contract become irrevocable and independent upon the lessee's acceptance of the goods.
(2) A promise that has become irrevocable and independent under subsection (1):
(a) is effective and enforceable between the parties and by or against third parties, including assignees of the parties; and
(b) is not subject to cancellation, termination, modification, repudiation, excuse, or substitution without the consent of the party to whom the promise runs.
(3) This section does not affect the validity under any other law of a covenant in any lease contract making the lessee's promises irrevocable and independent upon the lessee's acceptance of the goods.