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Mont. Code Ann. § 30-9A-110

Security interests arising under chapter 2 or 2A

Known as the Uniform Commercial Code

The act spans §§ 30–30 (713 sections).

En

A security interest arising under 30-2-401, 30-2-505, 30-2-711 (3), or 30-2A-508 (5) is subject to this chapter. However, until the debtor obtains possession of the goods:

(1) the security interest is enforceable, even if the requirements of 30-9A-203 (2)(c) have not been met;

(2) filing is not required to perfect the security interest;

(3) the rights of the secured party on default by the debtor are governed by chapter 2 or 2A, as applicable; and

(4) the security interest has priority over a conflicting security interest created by the debtor.

Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.