Statutes, codes, and regulations
Montana Code
Title 28 - CONTRACTS AND OTHER OBLIGATIONSChapter 11 - GUARANTY, INDEMNITY, AND SURETYSHIP
Part 4 - SURETYSHIP
Section 28-11-418 - Surety entitled to benefit of security held by creditor or cosurety

Mont. Code § 28-11-418

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Current through the 2023 Regular Session
Section 28-11-418 - Surety entitled to benefit of security held by creditor or cosurety

A surety is entitled to the benefit of every security for the performance of the principal obligation held by the creditor or by a cosurety at the time of entering into the contract of suretyship or acquired by the creditor or cosurety afterwards, whether the surety was aware of the security or not.

§ 28-11-418, MCA

En. Sec. 3695, Civ. C. 1895; re-en. Sec. 5692, Rev. C. 1907; re-en. Sec. 8207, R.C.M. 1921; Cal. Civ. C. Sec. 2849; Field Civ. C. Sec. 1570; re-en. Sec. 8207, R.C.M. 1935; R.C.M. 1947, 30-506; amd. Sec. 837, Ch. 56, L. 2009.