Montana § 80-4-419 Bankruptcy As Grounds For Cancellation

Montana Statutes

§ 80-4-419 — Bankruptcy As Grounds For Cancellation

Montana § 80-4-419

Title 80AGRICULTURE

Ch. 4AGRICULTURAL COMMODITIES

Part 4Agricultural Commodities Generally

This text of Montana § 80-4-419 (Bankruptcy As Grounds For Cancellation) 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. § 80-4-419 (2026).

Text

80-4-419 . Bankruptcy as grounds for cancellation.

(1)If a commodity dealer files for bankruptcy, a contract or any part of a contract for delivery of a commodity may be canceled without penalty to the producer if the cancellation involves only the remaining unperformed portions of the contract. A cancellation under this section:

(a)is not a breach of contract;

(b)is allowed even if not explicitly provided for in the contract.

(2)In the event of a cancellation, a commodity dealer remains responsible for payment that is due to the producer for delivered portions of the contract.

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

80-4-419 . Bankruptcy as grounds for cancellation. (1) If a commodity dealer files for bankruptcy, a contract or any part of a contract for delivery of a commodity may be canceled without penalty to the producer if the cancellation involves only the remaining unperformed portions of the contract. A cancellation under this section:
(a) is not a breach of contract;
(b) is allowed even if not explicitly provided for in the contract.
(2) In the event of a cancellation, a commodity dealer remains responsible for payment that is due to the producer for delivered portions of the contract.