Montana § 71-3-537 Acknowledgment Of Satisfaction Of Lien -- Penalty

Montana Statutes

§ 71-3-537 — Acknowledgment Of Satisfaction Of Lien -- Penalty

Montana § 71-3-537

Title 71MORTGAGES, PLEDGES, AND LIENS

Ch. 3LIENS

Part 5Construction Liens

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Bluebook

Mont. Code Ann. § 71-3-537 (2026).

Text

71-3-537 . Acknowledgment of satisfaction of lien -- penalty. Whenever any indebtedness that is a lien upon any real estate, structure, building, or other improvement is paid and satisfied, it is the duty of the creditors to acknowledge satisfaction of the indebtedness in the same manner as a mortgage. If a creditor fails to acknowledge satisfaction, the creditor is liable to any person injured by the failure to the amount of the injury and the costs of action.

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71-3-537 . Acknowledgment of satisfaction of lien -- penalty. Whenever any indebtedness that is a lien upon any real estate, structure, building, or other improvement is paid and satisfied, it is the duty of the creditors to acknowledge satisfaction of the indebtedness in the same manner as a mortgage. If a creditor fails to acknowledge satisfaction, the creditor is liable to any person injured by the failure to the amount of the injury and the costs of action.

Legislative History

En. Sec. 841, 5th Div. Rev. Stat. 1879; re-en. Sec. 1385, 5th Div. Comp. Stat. 1887; amd. Sec. 2141, C. Civ. Proc. 1895; re-en. Sec. 7301, Rev. C. 1907; re-en. Sec. 8350, R.C.M. 1921; re-en. Sec. 8350, R.C.M. 1935; R.C.M. 1947, 45-512; Sec. 71-3-515 , MCA 1985; redes. 71-3-537 by Code Commissioner, 1987; amd. Sec. 2278, Ch. 56, L. 2009.