Montana § 30-4-405 Death Or Incompetence Of Customer

Montana Statutes

§ 30-4-405 — Death Or Incompetence Of Customer

Montana § 30-4-405

Title 30TRADE AND COMMERCE

Ch. 4UNIFORM COMMERCIAL CODE BANK DEPOSITS AND COLLECTIONS

Part 4Relationship Between Payor Bank and Its Customer

This text of Montana § 30-4-405 (Death Or Incompetence Of Customer) 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. § 30-4-405 (2026).

Text

30-4-405 . Death or incompetence of customer.

(1)A payor or collecting bank's authority to accept, pay or collect an item or to account for proceeds of its collection if otherwise effective is not rendered ineffective by incompetence of a customer of either bank existing at the time the item is issued or its collection is undertaken if the bank does not know of an adjudication of incompetence. Neither death nor incompetence of a customer revokes such authority to accept, pay, collect or account until the bank knows of the fact of death or of an adjudication of incompetence and has reasonable opportunity to act on it.

(2)Even with knowledge a bank may for 10 days after the date of death pay or certify checks drawn on or prior to that date unless ordered to stop payment by a person claimin

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

30-4-405 . Death or incompetence of customer. (1) A payor or collecting bank's authority to accept, pay or collect an item or to account for proceeds of its collection if otherwise effective is not rendered ineffective by incompetence of a customer of either bank existing at the time the item is issued or its collection is undertaken if the bank does not know of an adjudication of incompetence. Neither death nor incompetence of a customer revokes such authority to accept, pay, collect or account until the bank knows of the fact of death or of an adjudication of incompetence and has reasonable opportunity to act on it.
(2) Even with knowledge a bank may for 10 days after the date of death pay or certify checks drawn on or prior to that date unless ordered to stop payment by a person claiming an interest in the account.