Montana § 30-3-209 Negotiation Subject To Rescission

Montana Statutes

§ 30-3-209 — Negotiation Subject To Rescission

Montana § 30-3-209

Title 30TRADE AND COMMERCE

Ch. 3UNIFORM COMMERCIAL CODE NEGOTIABLE INSTRUMENTS

Part 2Transfer and Negotiation

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Bluebook

Mont. Code Ann. § 30-3-209 (2026).

Text

30-3-209 . Negotiation subject to rescission.

(1)Negotiation is effective even if obtained:

(a)from an infant, a corporation exceeding its powers, or a person without capacity; or

(b)by fraud, duress, or mistake or in breach of duty or as part of an illegal transaction.

(2)To the extent permitted by law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.

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30-3-209 . Negotiation subject to rescission. (1) Negotiation is effective even if obtained:
(a) from an infant, a corporation exceeding its powers, or a person without capacity; or
(b) by fraud, duress, or mistake or in breach of duty or as part of an illegal transaction.
(2) To the extent permitted by law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.