Assignments for Benefit of Creditors

  1. Law
  2. Montana Code Annotated
  3. Credit Transactions and Relationships
  4. Debtor and Creditor Relationships
  5. Assignments for Benefit of Creditors

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Section
31-2-201

When debtor may execute assignment

Section
31-2-202

Insolvency -- what constitutes

Section
31-2-203

Certain transfers not affected

Section
31-2-204

What debts may be secured

Section
31-2-205

Preference given for wages

Section
31-2-206

Preference to be absolute

Section
31-2-207

Certain rights not affected by preferences in assignment

Section
31-2-208

Joint and separate debts

Section
31-2-209

Assignment -- when void

Section
31-2-210

The instrument of assignment

Section
31-2-211

Compliance necessary to validity of assignment

Section
31-2-212

Assignee takes subject to rights of third parties

Section
31-2-213

Inventory required

Section
31-2-214

Verification of inventory -- when assignee required to file -- inspection of assignor's books and papers

Section
31-2-215

Recording assignment and filing inventory

Section
31-2-216

Recording and filing when more than one assignor

Section
31-2-217

Effect of failing to record

Section
31-2-218

Assignment of real property

Section
31-2-219

Bond of assignees

Section
31-2-220

Management, disposal, and conversion of estate

Section
31-2-221

Notice to creditors to present claims

Section
31-2-222

Notices to parties interested in the estate as creditors or otherwise

Section
31-2-223

Duties of assignee

Section
31-2-224

Power of court

Section
31-2-225

When further security required

Section
31-2-226

Accounting of assignee

Section
31-2-227

Property exempt

Section
31-2-228

Compensation

Section
31-2-229

Assignees protected for acts done in good faith

Section
31-2-230

Assent of creditors necessary to modification of assignment