reglab/housing_qa huggingface dataset:
MT Code § 30-9A-619 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 6. Default|30-9A-619. Transfer of record or legal title

  30-9A-619. Transfer of record or legal title. (1) In this section, "transfer statement" means a record authenticated by a secured party stating:   (a) that the debtor has defaulted in connection with an obligation secured by specified collateral;   (b) that the secured party has exercised its postdefault remedies with respect to the collateral;   (c) that, by reason of the exercise, a transferee has acquired the rights of the debtor in the collateral; and   (d) the name and mailing address of the secured party, debtor, and transferee.   (2) A transfer statement entitles the transferee to the transfer of record of all rights of the debtor in the collateral specified in the statement in any official filing, recording, registration, or certificate of title system covering the collateral. If a transfer statement is presented with the applicable fee and request form to the official or office responsible for maintaining the system, the official or office shall:   (a) accept the transfer statement;   (b) promptly amend its records to reflect the transfer; and   (c) if applicable, issue a new appropriate certificate of title in the name of transferee.   (3) A transfer of the record or legal title to collateral to a secured party under subsection (2) or otherwise is not of itself a disposition of collateral under this chapter and does not of itself relieve the secured party of its duties under this chapter.   History: En. Sec. 116, Ch. 305, L. 1999; Sec. 30-9-619, MCA 1999; redes. 30-9A-619 by Code Commissioner, 2001.
MT Code § 30-9A-621 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 6. Default|30-9A-621. Notification of proposal to accept collateral

  30-9A-621. Notification of proposal to accept collateral. (1) A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to:   (a) any person from which the secured party has received, before the debtor consented to the acceptance, an authenticated notification of a claim of an interest in the collateral;   (b) any other secured party or lienholder that, 10 days before the debtor consented to the acceptance, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:   (i) identified the collateral;   (ii) was indexed under the debtor's name as of that date; and   (iii) was filed in the office or offices in which to file a financing statement against the debtor covering the collateral as of that date; and   (c) any other secured party that, 10 days before the debtor consented to the acceptance, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in 30-9A-311(1).   (2) A secured party that desires to accept collateral in partial satisfaction of the obligation it secures shall send its proposal to any secondary obligor in addition to the persons described in subsection (1).   History: En. Sec. 118, Ch. 305, L. 1999; Sec. 30-9-621, MCA 1999; redes. 30-9A-621 by Code Commissioner, 2001.
MT Code § 30-9A-622 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 6. Default|30-9A-622. Effect of acceptance of collateral

  30-9A-622. Effect of acceptance of collateral. (1) A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:   (a) discharges the obligation to the extent consented to by the debtor;   (b) transfers to the secured party all of a debtor's rights in the collateral;   (c) discharges the security interest or agricultural lien that is the subject of the debtor's consent and any subordinate security interest or other lien; and   (d) terminates any other subordinate interest.   (2) A subordinate interest is discharged or terminated under subsection (1) whether or not the secured party is required to send or does send its proposal to the holder of the interest. However, any person to which the secured party was required to send, but did not send, its proposal has the remedy provided by 30-9A-625(2).   History: En. Sec. 119, Ch. 305, L. 1999; Sec. 30-9-622, MCA 1999; redes. 30-9A-622 by Code Commissioner, 2001.
MT Code § 30-9A-623 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 6. Default|30-9A-623. Right to redeem collateral

  30-9A-623. Right to redeem collateral. (1) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.   (2) To redeem collateral, a person shall tender:   (a) fulfillment of all obligations secured by the collateral; and   (b) the reasonable expenses and attorneys fees described in 30-9A-615(1)(a).   (3) A redemption may occur at any time before a secured party:   (a) has collected collateral under 30-9A-607;   (b) has disposed of collateral or entered into a contract for its disposition under 30-9A-610; or   (c) has accepted collateral in full or partial satisfaction of the obligation it secures under 30-9A-622.   History: En. Sec. 120, Ch. 305, L. 1999; Sec. 30-9-623, MCA 1999; redes. 30-9A-623 by Code Commissioner, 2001.
MT Code § 30-9A-624 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 6. Default|30-9A-624. Waiver

  30-9A-624. Waiver. (1) A debtor or secondary obligor may waive the right to notification of disposition of collateral under 30-9A-611 only by authenticating an agreement to that effect entered into and authenticated after default.   (2) A debtor may waive the right to require disposition of collateral under 30-9A-620(5) only by an agreement to that effect entered into and authenticated after default.   (3) Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under 30-9A-623 only by an agreement to that effect after default.   History: En. Sec. 121, Ch. 305, L. 1999; Sec. 30-9-624, MCA 1999; redes. 30-9A-624 by Code Commissioner, 2001.
MT Code § 30-9A-626 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 6. Default|30-9A-626. Action in which deficiency or surplus is in issue

  30-9A-626. Action in which deficiency or surplus is in issue. (1) In an action arising from a transaction, other than a consumer transaction, in which the amount of a deficiency or surplus is in issue, the following rules apply:   (a) A secured party need not prove compliance with the provisions of this part relating to collection, enforcement, disposition, or acceptance unless the debtor or a secondary obligor places the secured party's compliance in issue.   (b) If the secured party's compliance is placed in issue, the secured party has the burden of establishing that the collection, enforcement, disposition, or acceptance was conducted in accordance with this part.   (c) Except as otherwise provided in 30-9A-628, if a secured party fails to prove that the collection, enforcement, disposition, or acceptance was conducted in accordance with the provisions of this part relating to collection, enforcement, disposition, or acceptance, the liability of a debtor or a secondary obligor for a deficiency is limited to an amount by which the sum of the secured obligation, expenses, and attorneys fees exceeds the greater of:   (i) the proceeds of the collection, enforcement, disposition, or acceptance; or   (ii) the amount of proceeds that would have been realized had the noncomplying secured party proceeded in accordance with the provisions of this part relating to collection, enforcement, disposition, or acceptance.   (d) For purposes of subsection (1)(c)(ii), the amount of proceeds that would have been realized is equal to the sum of the secured obligation, expenses, and attorneys fees unless the secured party proves that the amount is less than that sum.   (e) If a deficiency or surplus is calculated under 30-9A-615(6), the debtor or obligor has the burden of establishing that the amount of proceeds of the disposition is significantly below the range of prices that a complying disposition to a person other than the secured party, a person related to the secured party, or a secondary obligor would have brought.   (2) The limitation of the rules in subsection (1) to transactions other than consumer transactions is intended to leave to the court the determination of the proper rules in consumer transactions. The court may not infer from that limitation the nature of the proper rule in consumer transactions and may continue to apply established approaches.   History: En. Sec. 123, Ch. 305, L. 1999; Sec. 30-9-626, MCA 1999; redes. 30-9A-626 by Code Commissioner, 2001.
MT Code § 30-9A-627 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 6. Default|30-9A-627. Determination of whether conduct was commercially reasonable

  30-9A-627. Determination of whether conduct was commercially reasonable. (1) The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition, or acceptance was made in a commercially reasonable manner.   (2) A disposition of collateral is made in a commercially reasonable manner if the disposition is made:   (a) in the usual manner on any recognized market;   (b) at the price current in any recognized market at the time of the disposition; or   (c) otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.   (3) A collection, enforcement, disposition, or acceptance is commercially reasonable if it has been approved:   (a) in a judicial proceeding;   (b) by a bona fide creditors' committee;   (c) by a representative of creditors; or   (d) by an assignee for the benefit of creditors.   (4) Approval under subsection (3) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition, or acceptance is not commercially reasonable.   History: En. Sec. 124, Ch. 305, L. 1999; Sec. 30-9-627, MCA 1999; redes. 30-9A-627 by Code Commissioner, 2001.
MT Code § 30-9A-628 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 6. Default|30-9A-628. Nonliability and limitation on liability of secured party -- liability of secondary obligor

  30-9A-628. Nonliability and limitation on liability of secured party -- liability of secondary obligor. (1) Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person:   (a) the secured party is not liable to the person, or to a secured party or lienholder that has filed a financing statement against the person, for failure to comply with this chapter; and   (b) the secured party's failure to comply with this chapter does not affect the liability of the person for a deficiency.   (2) A secured party is not liable because of its status as a secured party:   (a) to a person that is a debtor or obligor, unless the secured party knows:   (i) that the person is a debtor or obligor;   (ii) the identity of the person; and   (iii) how to communicate with the person; or   (b) to a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:   (i) that the person is a debtor; and   (ii) the identity of the person.   (3) A secured party is not liable to any person, and a person's liability for a deficiency is not affected, because of any act or omission arising out of the secured party's reasonable belief that a transaction is not a consumer-goods transaction or a consumer transaction or that goods are not consumer goods if the secured party's belief is based on its reasonable reliance on:   (a) a debtor's representation concerning the purpose for which collateral was to be used, acquired, or held; or   (b) an obligor's representation concerning the purpose for which a secured obligation was incurred.   (4) A secured party is not liable to any person under 30-9A-625(3)(b) for its failure to comply with 30-9A-616.   (5) A secured party is not liable under 30-9A-625(3)(b) more than once with respect to any one secured obligation.   History: En. Sec. 125, Ch. 305, L. 1999; Sec. 30-9-628, MCA 1999; redes. 30-9A-628 by Code Commissioner, 2001.
MT Code § 30-9A-701 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 7. Transition|30-9A-701. and 30-9A-702 reserved

  30-9A-701 and 30-9A-702 reserved.
MT Code § 30-9A-703 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 7. Transition|30-9A-703. Security interest perfected before July 1, 2001

  30-9A-703. Security interest perfected before July 1, 2001. (1) If a security interest is enforceable and has priority over the rights of a lien creditor immediately before July 1, 2001, and the applicable requirements for enforceability and perfection under this chapter are satisfied without further action on July 1, 2001, the security interest is a perfected security interest under this chapter.   (2) Except as otherwise provided in 30-9A-705, if a security interest is a perfected security interest under former chapter 9 immediately before July 1, 2001, but the applicable requirements for enforceability or perfection under this chapter are not satisfied on July 1, 2001, the security interest:   (a) is a perfected security interest for 1 year after July 1, 2001;   (b) remains enforceable thereafter only if the security interest becomes enforceable under 30-9A-203 before the year expires; and   (c) remains perfected thereafter only if the applicable requirements for perfection under this chapter are satisfied before the year expires.   History: En. Sec. 162, Ch. 305, L. 1999.
MT Code § 30-9A-704 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 7. Transition|30-9A-704. Security interest unperfected before July 1, 2001

  30-9A-704. Security interest unperfected before July 1, 2001. A security interest that is enforceable immediately before July 1, 2001, but that is subordinate to the rights of a person that becomes a lien creditor at that time:   (1) remains an enforceable security interest for 1 year after July 1, 2001;   (2) remains enforceable thereafter if the security interest becomes enforceable under 30-9A-203 on July 1, 2001, or within 1 year thereafter; and   (3) becomes perfected:   (a) without further action, on July 1, 2001, if the applicable requirements for perfection under this chapter are satisfied before or at that time; or   (b) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.   History: En. Sec. 163, Ch. 305, L. 1999.
MT Code § 30-9A-706 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 7. Transition|30-9A-706. When initial financing statement suffices as continuation statement

  30-9A-706. When initial financing statement suffices as continuation statement. (1) The effectiveness of a financing statement filed before July 1, 2001, may be continued by filing in the office specified in 30-9A-501 an initial financing statement complying with the requirements of subsection (2) if:   (a) the filing of a financing statement in that office is effective to perfect a security interest; and   (b) the preeffective-date financing statement was filed in an office in another state or another office in this state.   (2) To be effective for purposes of subsection (1), an initial financing statement must:   (a) satisfy the requirements of Title 30, chapter 9A, part 5, for an initial financing statement;   (b) identify the preeffective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and   (c) indicate that the preeffective-date financing statement remains effective.   History: En. Sec. 165, Ch. 305, L. 1999.
MT Code § 30-9A-707 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 7. Transition|30-9A-707. Amendment of preeffective-date financing statement

  30-9A-707. Amendment of preeffective-date financing statement. (1) In this section, "preeffective-date financing statement" means a financing statement filed before July 1, 2001.   (2) After July 1, 2001, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in a preeffective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in Title 30, chapter 9A, part 3. However, the effectiveness of a preeffective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.   (3) Except as otherwise provided in subsection (4), if the law of this state governs perfection of a security interest, the information in a preeffective-date financing statement may be amended after July 1, 2001, only if:   (a) the preeffective-date financing statement and an amendment are filed in the office specified in 30-9A-501;   (b) an amendment is filed in the office specified in 30-9A-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies 30-9A-705(3); or   (c) an initial financing statement that provides the information as amended and satisfies 30-9A-705(3), is filed in the office specified in 30-9A-501.   (4) If the law of this state governs perfection of a security interest, the effectiveness of a preeffective-date financing statement may be continued only under 30-9A-705(4) and (5) or 30-9A-706.   (5) Whether or not the law of this state governs perfection of a security interest, the effectiveness of a preeffective-date financing statement filed in this state may be terminated after July 1, 2001, by filing a termination statement in the office in which the preeffective-date financing statement is filed, unless an initial financing statement that satisfies 30-9A-705(3) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Title 30, chapter 9A, part 3, as the office in which to file a financing statement.   History: En. Sec. 24, Ch. 179, L. 2001.
MT Code § 30-9A-708 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 7. Transition|30-9A-708. Persons entitled to file initial financing statement or continuation of statement

  30-9A-708. Persons entitled to file initial financing statement or continuation of statement. A person may file an initial financing statement or a continuation statement under this part if:   (1) the secured party of record authorizes the filing; and   (2) the filing is necessary under this part:   (a) to continue the effectiveness of a financing statement filed before July 1, 2001; or   (b) to perfect or continue the perfection of a security interest.   History: En. Sec. 166, Ch. 305, L. 1999.
MT Code § 30-9A-709 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 7. Transition|30-9A-709. Priority

  30-9A-709. Priority. (1) Former chapter 9 determines the priority of conflicting claims to collateral if the relative priorities of the parties were fixed before July 1, 2001. In other cases, this chapter determines priority.   (2) For purposes of 30-9A-322(1), the priority of a security interest that becomes a perfected security interest under 30-9A-706 dates from the time the applicable requirements for perfection are satisfied. This subsection does not apply to conflicting security interests each of which becomes a perfected security interest under 30-9A-706.   History: En. Sec. 167, Ch. 305, L. 1999.
MT Code § 30-9A-801 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 8. Transition|30-9A-801. and 30-9A-802 reserved

  30-9A-801 and 30-9A-802 reserved.
MT Code § 30-9A-803 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 8. Transition|30-9A-803. Security interest perfected before effective date

  30-9A-803. Security interest perfected before effective date. (1) A security interest that is a perfected security interest immediately before July 1, 2013, is a perfected security interest under this chapter if, on July 1, 2013, the applicable requirements for attachment and perfection under this chapter are satisfied without further action.   (2) Except as otherwise provided in 30-9A-804, if, immediately before July 1, 2013, a security interest is a perfected security interest, but the applicable requirements for perfection under this chapter are not satisfied on July 1, 2013, the security interest remains perfected thereafter only if the applicable requirements for perfection under this chapter are satisfied within 1 year after July 1, 2013.   History: En. Sec. 19, Ch. 75, L. 2013.
MT Code § 30-9A-804 (2021)
2021 Montana Code Annotated|Title 30. Trade and Commerce|Chapter 9A. Uniform Commercial Code Secured Transactions|Part 8. Transition|30-9A-804. Security interest unperfected before effective date

  30-9A-804. Security interest unperfected before effective date. A security interest that is an unperfected security interest immediately before July 1, 2013, becomes a perfected security interest:   (1) without further action on July 1, 2013, if the applicable requirements for perfection under this chapter are satisfied before or at that time; or   (2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.   History: En. Sec. 20, Ch. 75, L. 2013.