Montana § 61-4-126 Claims Against Dealer, Broker, Wholesaler, Or Auto Auction Bonds

Montana Statutes

§ 61-4-126 — Claims Against Dealer, Broker, Wholesaler, Or Auto Auction Bonds

Montana § 61-4-126

Title 61MOTOR VEHICLES

Ch. 4SALES AND DISTRIBUTION OF MOTOR VEHICLES

Part 1Dealers

This text of Montana § 61-4-126 (Claims Against Dealer, Broker, Wholesaler, Or Auto Auction Bonds) 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. § 61-4-126 (2026).

Text

61-4-126 . Claims against dealer, broker, wholesaler, or auto auction bonds.

(1)A person who suffers loss or damage because of the unlawful conduct of a dealer, broker, wholesaler, or auto auction licensed under this title shall obtain a judgment from a court of competent jurisdiction prior to collecting on the bond of the dealer, broker, wholesaler, or auto auction. The judgment must set out a specific loss or damage amount and establish that the licensee's unlawful conduct caused the loss or damage, before payment on the bond is required.

(2)If claim is made on a bond by two or more persons who have obtained a judgment against a dealer, broker, wholesaler, or auto auction based on the unlawful conduct of the dealer, broker, wholesaler, or auto auction and the judgments in the aggregate

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61-4-126 . Claims against dealer, broker, wholesaler, or auto auction bonds. (1) A person who suffers loss or damage because of the unlawful conduct of a dealer, broker, wholesaler, or auto auction licensed under this title shall obtain a judgment from a court of competent jurisdiction prior to collecting on the bond of the dealer, broker, wholesaler, or auto auction. The judgment must set out a specific loss or damage amount and establish that the licensee's unlawful conduct caused the loss or damage, before payment on the bond is required.
(2) If claim is made on a bond by two or more persons who have obtained a judgment against a dealer, broker, wholesaler, or auto auction based on the unlawful conduct of the dealer, broker, wholesaler, or auto auction and the judgments in the aggregate exceed the amount of the bond, the proceeds of the bond must be divided between or among the claimants on a pro rata basis.