Montana § 70-6-412 Application Of Proceeds Of Sale

Montana Statutes

§ 70-6-412 — Application Of Proceeds Of Sale

Montana·Title 70 PROPERTY·Ch. 6 BAILMENT -- DEPOSIT·Part 4 Deposit for Hire

70-6-412 . Application of proceeds of sale.

(1)After paying the expenses of sale, including the publication of notice, the storage or commission merchant or the carrier is authorized, out of the proceeds arising from the sale of the property, to retain the amount due the merchant or carrier for storage or freight, or both, due upon any property, and the excess, if any, must be paid over to the person entitled to the proceeds.

(2)All sales under this part vest the title to the property sold in the purchaser of the property.

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

70-6-412 . Application of proceeds of sale. (1) After paying the expenses of sale, including the publication of notice, the storage or commission merchant or the carrier is authorized, out of the proceeds arising from the sale of the property, to retain the amount due the merchant or carrier for storage or freight, or both, due upon any property, and the excess, if any, must be paid over to the person entitled to the proceeds.
(2) All sales under this part vest the title to the property sold in the purchaser of the property.

Montana § 70-6-412 (Application Of Proceeds Of Sale) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. Sec. 3, p. 545, Cod. Stat. 1871; re-en. Sec. 1181, 5th Div. Rev. Stat. 1879; re-en. Sec. 1895, 5th Div. Comp. Stat. 1887; amd. Sec. 2496, Civ. C. 1895; re-en. Sec. 2, p. 153, L. 1901; re-en. Sec. 5163, Rev. C. 1907; re-en. Sec. 7666, R.C.M. 1921; re-en. Sec. 7666, R.C.M. 1935; R.C.M. 1947, 20-307; amd. Sec. 2090, Ch. 56, L. 2009.