Montana § 30-8-124 Evidentiary Rules Concerning Certificated Securities

Montana Statutes

§ 30-8-124 — Evidentiary Rules Concerning Certificated Securities

Montana § 30-8-124

Title 30TRADE AND COMMERCE

Ch. 8UNIFORM COMMERCIAL CODE INVESTMENT SECURITIES

Part 1Short Title and General Matters

This text of Montana § 30-8-124 (Evidentiary Rules Concerning Certificated Securities) 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. § 30-8-124 (2026).

Text

30-8-124 . Evidentiary rules concerning certificated securities. The following rules apply in an action on a certificated security against the issuer:

(1)Unless specifically denied in the pleadings, each signature on a security certificate or in a necessary indorsement is admitted.

(2)If the effectiveness of a signature is put in issue, the burden of establishing effectiveness is on the party claiming under the signature, but the signature is presumed to be genuine or authorized.

(3)If signatures on a security certificate are admitted or established, production of the certificate entitles a holder to recover on it unless the defendant establishes a defense or a defect going to the validity of the security.

(4)If it is shown that a defense or defect exists, the plaintiff has the burden

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

30-8-124 . Evidentiary rules concerning certificated securities. The following rules apply in an action on a certificated security against the issuer:
(1) Unless specifically denied in the pleadings, each signature on a security certificate or in a necessary indorsement is admitted.
(2) If the effectiveness of a signature is put in issue, the burden of establishing effectiveness is on the party claiming under the signature, but the signature is presumed to be genuine or authorized.
(3) If signatures on a security certificate are admitted or established, production of the certificate entitles a holder to recover on it unless the defendant establishes a defense or a defect going to the validity of the security.
(4) If it is shown that a defense or defect exists, the plaintiff has the burden of establishing that the plaintiff or some person under whom the plaintiff claims is a person against whom the defense or defect cannot be asserted.