Montana § 30-3-111 Payable To Bearer Or To Order

Montana Statutes

§ 30-3-111 — Payable To Bearer Or To Order

Montana § 30-3-111

Title 30TRADE AND COMMERCE

Ch. 3UNIFORM COMMERCIAL CODE NEGOTIABLE INSTRUMENTS

Part 1Short Title, Form, and Interpretation

This text of Montana § 30-3-111 (Payable To Bearer Or To Order) 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. § 30-3-111 (2026).

Text

30-3-111 . Payable to bearer or to order.

(1)A promise or order is "payable to bearer" if it:

(a)states that it is payable to bearer or to the order of bearer or otherwise indicates that the person in possession of the promise or order is entitled to payment;

(b)does not state a payee; or

(c)states that it is payable to or to the order of "cash" or otherwise indicates that it is not payable to an identified person.

(2)A promise or order that is not payable to bearer is "payable to order" if it is payable to the order of an identified person or to an identified person or order. A promise or order that is payable to order is payable to the identified person.

(3)An instrument payable to bearer may become payable to an identified person if it is specially indorsed as stated in 30-3-204 (

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30-3-111 . Payable to bearer or to order. (1) A promise or order is "payable to bearer" if it:
(a) states that it is payable to bearer or to the order of bearer or otherwise indicates that the person in possession of the promise or order is entitled to payment;
(b) does not state a payee; or
(c) states that it is payable to or to the order of "cash" or otherwise indicates that it is not payable to an identified person.
(2) A promise or order that is not payable to bearer is "payable to order" if it is payable to the order of an identified person or to an identified person or order. A promise or order that is payable to order is payable to the identified person.
(3) An instrument payable to bearer may become payable to an identified person if it is specially indorsed as stated in 30-3-204 (1). An instrument payable to an identified person may become payable to bearer if it is indorsed in blank as stated in 30-3-204 (2).