Statutes, codes, and regulations
Montana Code
Title 28 - CONTRACTS AND OTHER OBLIGATIONSChapter 11 - GUARANTY, INDEMNITY, AND SURETYSHIP
Part 4 - SURETYSHIP
Section 28-11-419 - Creditor entitled to benefit of security held by surety

Mont. Code § 28-11-419

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Current through the 2023 Regular Session
Section 28-11-419 - Creditor entitled to benefit of security held by surety

A creditor is entitled to the benefit of everything which a surety has received from the debtor by way of security for the performance of the obligation and may, upon the maturity of the obligation, compel the application of such security to its satisfaction.

§ 28-11-419, MCA

En. Sec. 3700, Civ. C. 1895; re-en. Sec. 5694, Rev. C. 1907; re-en. Sec. 8209, R.C.M. 1921; Cal. Civ. C. Sec. 2854; Field Civ. C. Sec. 1572; re-en. Sec. 8209, R.C.M. 1935; R.C.M. 1947, 30-508.