Statutes > Montana Statutes > TITLE 31. CREDIT TRANSACTIONS AND RELATIONSHIPS > CHAPTER 2. DEBTOR AND CREDITOR RELATIONSHIPS > Part 2. Assignments for Benefit of Creditors > 31-2-230. Assent of creditors necessary to modification of assignment.

31-2-230. Assent of creditors necessary to modification of assignment.


     31-2-230. Assent of creditors necessary to modification of assignment. An assignment for the benefit of creditors which has been executed and recorded so as to transfer the property to the assignee cannot afterwards be canceled or modified by the parties thereto without the consent of every creditor affected thereby.

     History: En. Sec. 4535, Civ. C. 1895; re-en. Sec. 6161, Rev. C. 1907; re-en. Sec. 8641, R.C.M. 1921; Cal. Civ. C. Sec. 3473; Field Civ. C. Sec. 1948; re-en. Sec. 8641, R.C.M. 1935; R.C.M. 1947, 18-330.