Montana § 30-3-109 Definite Time

Montana Statutes

§ 30-3-109 — Definite Time

Montana § 30-3-109

Title 30TRADE AND COMMERCE

Ch. 3UNIFORM COMMERCIAL CODE NEGOTIABLE INSTRUMENTS

Part 1Short Title, Form, and Interpretation

This text of Montana § 30-3-109 (Definite Time) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 30-3-109 (2026).

Text

30-3-109 . Definite time.

(1)A promise or order is "payable at a definite time" if it is payable on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or at a time or times readily ascertainable at the time the promise or order is issued, subject to the rights of:

(a)prepayment;

(b)acceleration;

(c)extension at the option of the holder; or

(d)extension to a further definite time at the option of the maker or acceptor or automatically upon or after a specified act or event.

(2)If an instrument, payable at a fixed date, is also payable upon demand made before the fixed date, the instrument is payable on demand until the fixed date and, if demand for payment is not made before that date, becomes payable at a definite time on the fixed date.

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30-3-109 . Definite time. (1) A promise or order is "payable at a definite time" if it is payable on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or at a time or times readily ascertainable at the time the promise or order is issued, subject to the rights of:
(a) prepayment;
(b) acceleration;
(c) extension at the option of the holder; or
(d) extension to a further definite time at the option of the maker or acceptor or automatically upon or after a specified act or event.
(2) If an instrument, payable at a fixed date, is also payable upon demand made before the fixed date, the instrument is payable on demand until the fixed date and, if demand for payment is not made before that date, becomes payable at a definite time on the fixed date.