Montana § 30-9A-107B No Requirement To Acknowledge Or Confirm -- No Duties

Montana Statutes

§ 30-9A-107B — No Requirement To Acknowledge Or Confirm -- No Duties

Montana·Title 30 TRADE AND COMMERCE·Ch. 9A UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS·Part 1 General Provisions

30-9A-107B . No requirement to acknowledge or confirm -- no duties.

(1)A person that has control under 30-9A-104 or 30-9A-105 is not required to acknowledge that it has control on behalf of another person.

(2)If a person acknowledges that it has or will obtain control on behalf of another person, unless the person otherwise agrees or law other than this chapter otherwise provides, the person does not owe any duty to the other person and is not required to confirm the acknowledgment to any other person.

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30-9A-107B . No requirement to acknowledge or confirm -- no duties. (1) A person that has control under 30-9A-104 or 30-9A-105 is not required to acknowledge that it has control on behalf of another person.
(2) If a person acknowledges that it has or will obtain control on behalf of another person, unless the person otherwise agrees or law other than this chapter otherwise provides, the person does not owe any duty to the other person and is not required to confirm the acknowledgment to any other person.

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