Statutes > Montana Statutes > TITLE 31. CREDIT TRANSACTIONS AND RELATIONSHIPS > CHAPTER 2. DEBTOR AND CREDITOR RELATIONSHIPS > Part 2. Assignments for Benefit of Creditors > 31-2-217. Effect of failing to record.

31-2-217. Effect of failing to record.


     31-2-217. Effect of failing to record. An assignment for the benefit of creditors is void against creditors of the assignor and against purchasers and encumbrances in good faith and for value unless it is recorded within 20 days after the date of the assignment.

     History: En. Sec. 4526, Civ. C. 1895; re-en. Sec. 6152, Rev. C. 1907; re-en. Sec. 8628, R.C.M. 1921; Cal. Civ. C. Sec. 3465; Based on Field Civ. C. Sec. 1940; re-en. Sec. 8628, R.C.M. 1935; R.C.M. 1947, 18-317.