Montana § 71-3-1604 Validity Of Lien -- Transferability

Montana Statutes

§ 71-3-1604 — Validity Of Lien -- Transferability

Montana·Title 71 MORTGAGES, PLEDGES, AND LIENS·Ch. 3 LIENS·Part 16 Oil and Gas Owners' Lien

71-3-1604 . Validity of lien -- transferability.

(1)The security interest and lien granted to an interest owner under this part are not dependent on the interest owner's or operator's possession of the severed oil or gas.

(2)A change or transfer of the actual or constructive possession of or title to the severed oil or gas from an interest owner or an operator to a first purchaser or purchaser does not void or impair the security interest or lien.

Free access — add to your briefcase to read the full text and ask questions with AI

71-3-1604 . Validity of lien -- transferability. (1) The security interest and lien granted to an interest owner under this part are not dependent on the interest owner's or operator's possession of the severed oil or gas.
(2) A change or transfer of the actual or constructive possession of or title to the severed oil or gas from an interest owner or an operator to a first purchaser or purchaser does not void or impair the security interest or lien.

Montana § 71-3-1604 (Validity Of Lien -- Transferability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.