Joint and separate debts

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

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31-2-208. Joint and separate debts. Joint or joint and several debtors can prefer their joint creditors only out of joint property and can prefer the individual creditors of each only out of the separate property of each.

History: En. Sec. 4517, Civ. C. 1895; re-en. Sec. 6143, Rev. C. 1907; re-en. Sec. 8619, R.C.M. 1921; Field Civ. C. Sec. 1931; re-en. Sec. 8619, R.C.M. 1935; R.C.M. 1947, 18-308.


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