reglab/housing_qa huggingface dataset:
MT Code § 30-9A-407 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 4. Rights of Third Parties|30-9A-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest

  30-9A-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest. (1) Except as otherwise provided in subsection (2), a term in a lease agreement is ineffective to the extent that it:   (a) prohibits, restricts, or requires the consent of a party to the lease to the assignment or transfer of, or the creation, attachment, perfection, or enforcement of a security interest in, an interest of a party under the lease contract or in the lessor's residual interest in the goods; or   (b) provides that the assignment or transfer or the creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the lease.   (2) Except as otherwise provided in 30-2A-303(7), a term described in subsection (1)(b) is effective to the extent that there is:   (a) a transfer by the lessee of the lessee's right of possession or use of the goods in violation of the term; or   (b) a delegation of a material performance of either party to the lease contract in violation of the term.   (3) The creation, attachment, perfection, or enforcement of a security interest in the lessor's interest under the lease contract or the lessor's residual interest in the goods is not a transfer that materially impairs the prospect of obtaining return performance by, materially changes the duty of, or materially increases the burden or risk imposed on the lessee within 30-2A-303(4). This subsection does not apply to the extent that enforcement results in a delegation of a material performance of the lessor.   History: En. Sec. 68, Ch. 305, L. 1999; amd. Sec. 13, Ch. 179, L. 2001; Sec. 30-9-447, MCA 1999; redes. 30-9A-407 by Code Commissioner, 2001.
MT Code § 30-9A-409 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 4. Rights of Third Parties|30-9A-409. Restrictions on assignment of letter-of-credit rights ineffective

  30-9A-409. Restrictions on assignment of letter-of-credit rights ineffective. (1) A term in a letter of credit or a rule of law, including a provision in a statute or governmental rule or regulation, custom, or practice applicable to the letter of credit that prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary's assignment of or creation of a security interest in a letter-of-credit right is ineffective to the extent that the term or rule of law, custom, or practice:   (a) would impair the creation, attachment, or perfection of a security interest in the letter-of-credit right; or   (b) provides that the assignment or the creation, attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the letter-of-credit right.   (2) To the extent that a term in a letter of credit is ineffective under subsection (1) but would be effective under law other than this chapter or a custom or practice applicable to the letter of credit, to the transfer of a right to draw or otherwise demand performance under the letter of credit, or to the assignment of a right to proceeds of the letter of credit, the creation, attachment, or perfection of a security interest in the letter-of-credit right:   (a) is not enforceable against the applicant, issuer, nominated person, or transferee beneficiary;   (b) imposes no duties or obligations on the applicant, issuer, nominated person, or transferee beneficiary; and   (c) does not require the applicant, issuer, nominated person, or transferee beneficiary to recognize the security interest, pay or render performance to the secured party, or accept payment or other performance from the secured party.   History: En. Sec. 70, Ch. 305, L. 1999; amd. Sec. 15, Ch. 179, L. 2001; Sec. 30-9-449, MCA 1999; redes. 30-9A-409 by Code Commissioner, 2001.
MT Code § 30-9A-410 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 4. Rights of Third Parties|30-9A-410. through 30-9A-419 reserved

  30-9A-410 through 30-9A-419 reserved.
MT Code § 30-9A-420 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 4. Rights of Third Parties|30-9A-420. Removal of improper or fraudulent liens -- notice to secured party and debtor

  30-9A-420. Removal of improper or fraudulent liens -- notice to secured party and debtor. (1) If a filing officer receives a complaint or has reason to believe that a lien submitted or filed with the filing officer's office is improper or fraudulent, the filing officer may reject the submission or remove the filing from existing files after giving notice and an opportunity to respond to the secured party and the debtor.   (2) A person adversely affected by a lien that is determined to be improper or fraudulent by the filing officer may recover treble damages from the person responsible for submitting the lien.   History: En. Sec. 4, Ch. 335, L. 1993; Sec. 30-9-432, MCA 1999; redes. 30-9A-420 by Code Commissioner, 2001; amd. Sec. 1, Ch. 69, L. 2007.
MT Code § 30-9A-501 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 5. Filing|30-9A-501. Filing office

  30-9A-501. Filing office. (1) Except as otherwise provided in subsection (2), if the local law of this state governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is:   (a) the office designated for the filing or recording of a mortgage on the real property if:   (i) the collateral is as-extracted collateral or timber to be cut; or   (ii) the financing statement is filed as a fixture filing and the collateral is goods that are or are to become fixtures; or   (b) the office of secretary of state in all other cases, including if the collateral is goods that are or are to become fixtures and the financing statement is not filed as a fixture filing.   (2) The office in which to file a financing statement to perfect a security interest in collateral, including fixtures, of a transmitting utility is the office of secretary of state. The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement that is or is to become fixtures.   (3) The office in which a financial institution is required to file an effective financing statement, as defined in 7 U.S.C. 1631, is the office of the secretary of state.   History: En. Sec. 71, Ch. 305, L. 1999; Sec. 30-9-521, MCA 1999; redes. 30-9A-501 by Code Commissioner, 2001; amd. Sec. 3, Ch. 207, L. 2005; amd. Sec. 32, Ch. 44, L. 2007.
MT Code § 30-9A-502 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 5. Filing|30-9A-502. Contents of financing statement -- mortgage as financing statement -- time of filing financing statement

  30-9A-502. Contents of financing statement -- mortgage as financing statement -- time of filing financing statement. (1) Subject to subsection (2), a financing statement is sufficient only if it:   (a) provides the name of the debtor;   (b) provides the name of the secured party or a representative of the secured party; and   (c) indicates the collateral covered by the financing statement.   (2) Except as otherwise provided in 30-9A-501(2), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut or that is filed as a fixture filing and covers goods that are or are to become fixtures must comply with the requirements of subsection (1) and also:   (a) indicate that it covers this type of collateral;   (b) indicate that it is to be filed for record in the real property records;   (c) provide a description of the real property to which the collateral is related sufficient to give constructive notice of the mortgage under the law of this state if the description were contained in a record of the mortgage of the real property; and   (d) if the debtor does not have an interest of record in the real property, provide the name of a record owner.   (3) A record of mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if:   (a) the record indicates the goods or accounts that it covers;   (b) the goods are or are to become fixtures related to the real property described in the record or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut;   (c) the record complies with the requirements for a financing statement in this section, but:   (i) the record need not indicate that it is to be filed in the real property records; and   (ii) the record sufficiently provides the name of a debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom 30-9A-503(1)(d) applies; and   (d) the record is recorded.   (4) A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.   History: En. Sec. 72, Ch. 305, L. 1999; Sec. 30-9-522, MCA 1999; redes. 30-9A-502 by Code Commissioner, 2001; amd. Sec. 11, Ch. 75, L. 2013.
MT Code § 30-9A-504 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 5. Filing|30-9A-504. Indication of collateral

  30-9A-504. Indication of collateral. A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:   (1) a description of the collateral pursuant to 30-9A-108; or   (2) an indication that the financing statement covers all assets or all personal property.   History: En. Sec. 74, Ch. 305, L. 1999; Sec. 30-9-524, MCA 1999; redes. 30-9A-504 by Code Commissioner, 2001.
MT Code § 30-9A-505 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 5. Filing|30-9A-505. Filing and compliance with other statutes and treaties for consignments, leases, bailments, and other transactions

  30-9A-505. Filing and compliance with other statutes and treaties for consignments, leases, bailments, and other transactions. (1) A consignor, lessor, or bailor of goods or a buyer of a payment intangible or promissory note may file a financing statement or may comply with a statute or treaty described in 30-9A-311(1), using the terms "consignor", "consignee", "lessor", "lessee", "bailor", "bailee", "owner", "registered owner", "buyer", "seller", or words of similar import, instead of the terms "secured party" and "debtor."   (2) This part applies to the filing of a financing statement under subsection (1) and, as appropriate, to compliance that is equivalent to filing a financing statement under 30-9A-311(2), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, owner, or buyer that attaches to the collateral is perfected by the filing or compliance.   History: En. Sec. 75, Ch. 305, L. 1999; Sec. 30-9-525, MCA 1999; redes. 30-9A-505 by Code Commissioner, 2001.
MT Code § 30-9A-506 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 5. Filing|30-9A-506. Effect of errors or omissions

  30-9A-506. Effect of errors or omissions. (1) A financing statement substantially complying with the requirements of this part is effective, even if it includes minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.   (2) Except as otherwise provided in subsection (3), a financing statement that fails sufficiently to provide the name of the debtor in accordance with 30-9A-503(1) is seriously misleading.   (3) If a search of the records of the filing office under the debtor's correct name, using the filing office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with 30-9A-503(1), the name provided does not make the financing statement seriously misleading.   (4) For purposes of 30-9A-508(2), the "debtor's correct name" in subsection (3) means the correct name of the new debtor.   History: En. Sec. 76, Ch. 305, L. 1999; Sec. 30-9-526, MCA 1999; redes. 30-9A-506 by Code Commissioner, 2001.
MT Code § 30-9A-507 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 5. Filing|30-9A-507. Effect of certain events on effectiveness of financing statement

  30-9A-507. Effect of certain events on effectiveness of financing statement. (1) A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.   (2) Except as otherwise provided in 30-9A-508 and subsection (3) of this section, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under the standard set forth in 30-9A-506.   (3) If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under 30-9A-503(1) so that the financing statement becomes seriously misleading under the standard set forth in 30-9A-506:   (a) the financing statement is effective to perfect a security interest in collateral acquired by the debtor before or within 4 months after the filed financing statement becomes seriously misleading; and   (b) the financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than 4 months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement that renders the financing statement not seriously misleading is filed within 4 months after the financing statement became seriously misleading.   History: En. Sec. 77, Ch. 305, L. 1999; Sec. 30-9-527, MCA 1999; redes. 30-9A-507 by Code Commissioner, 2001; amd. Sec. 13, Ch. 75, L. 2013.
MT Code § 30-9A-508 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 5. Filing|30-9A-508. Effectiveness of financing statement if new debtor becomes bound by security agreement

  30-9A-508. Effectiveness of financing statement if new debtor becomes bound by security agreement. (1) Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.   (2) If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under subsection (1) to be seriously misleading under the standard set forth in 30-9A-506:   (a) the financing statement is effective to perfect a security interest in collateral acquired by the new debtor before and within 4 months after the new debtor becomes bound under 30-9A-203(4); and   (b) the financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than 4 months after the new debtor becomes bound under 30-9A-203(4) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.   (3) This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under 30-9A-507(1).   History: En. Sec. 78, Ch. 305, L. 1999; Sec. 30-9-528, MCA 1999; redes. 30-9A-508 by Code Commissioner, 2001.
MT Code § 30-9A-509 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 5. Filing|30-9A-509. Persons entitled to file record

  30-9A-509. Persons entitled to file record. (1) A person may file an initial financing statement, an amendment that adds collateral covered by a financing statement, or an amendment that adds a debtor to a financing statement only if:   (a) the debtor authorizes the filing in an authenticated record or pursuant to subsection (2) or (3); or   (b) the person holds an agricultural lien that has become effective at the time of filing and the financing statement covers only collateral in which the person holds an agricultural lien.   (2) By authenticating a security agreement, a debtor authorizes the filing of an initial financing statement and an amendment covering:   (a) the collateral described in the security agreement; and   (b) property that becomes collateral under 30-9A-315(1)(b), whether or not the security agreement expressly covers proceeds.   (3) A person may file an amendment other than an amendment that adds collateral covered by a financing statement or an amendment that adds a debtor to a financing statement only if:   (a) the secured party of record authorizes the filing; or   (b) the amendment is a termination statement for a financing statement as to which the secured party of record has failed to file or send a termination statement as required by 30-9A-513(1) or (3), the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed.   (4) If there is more than one secured party of record for a financing statement, each secured party of record may authorize the filing of an amendment under subsection (3).   History: En. Sec. 79, Ch. 305, L. 1999; amd. Sec. 16, Ch. 179, L. 2001; Sec. 30-9-529, MCA 1999; redes. 30-9A-509 by Code Commissioner, 2001.
MT Code § 30-9A-510 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 5. Filing|30-9A-510. Effectiveness of filed record

  30-9A-510. Effectiveness of filed record. (1) A filed record is effective only to the extent that it was filed by a person that may file it under 30-9A-509.   (2) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.   (3) A continuation statement that is not filed within the 6-month period prescribed by 30-9A-515(4) is ineffective.   History: En. Sec. 80, Ch. 305, L. 1999; Sec. 30-9-530, MCA 1999; redes. 30-9A-510 by Code Commissioner, 2001.
MT Code § 30-9A-511 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 5. Filing|30-9A-511. Secured party of record

  30-9A-511. Secured party of record. (1) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under 30-9A-514(1), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.   (2) If an amendment of a financing statement that provides the name of a person as a secured party or a representative of a secured party is filed, the person named in the amendment is a secured party of record. If an amendment is filed under 30-9A-514(2), the assignee named in the amendment is a secured party of record.   (3) A person remains a secured party of record until the filing of an amendment of the financing statement that deletes the person.   History: En. Sec. 81, Ch. 305, L. 1999; Sec. 30-9-531, MCA 1999; redes. 30-9A-511 by Code Commissioner, 2001.
MT Code § 30-9A-512 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 5. Filing|30-9A-512. Amendment of financing statement

  30-9A-512. Amendment of financing statement. (1) Subject to 30-9A-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or subject to subsection (5), otherwise amend the information provided in, a financing statement by filing an amendment that:   (a) identifies, by its file number, the debtor, the creditor, and the initial financing statement to which the amendment relates; and   (b) if the amendment relates to an initial financing statement filed or recorded in a filing office described in 30-9A-501(1)(b), provides the date that the initial financing statement was filed or recorded and the information specified in 30-9A-502(2).   (2) Except as otherwise provided in 30-9A-515, the filing of an amendment does not extend the period of effectiveness of the financing statement.   (3) A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment.   (4) A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment.   (5) An amendment is ineffective to the extent it:   (a) purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or   (b) purports to delete all secured parties of record and fails to provide the name of a new secured party of record.   History: En. Sec. 82, Ch. 305, L. 1999; Sec. 30-9-532, MCA 1999; redes. 30-9A-512 by Code Commissioner, 2001.