Montana Code 28-1-1103. Performance to one of several joint creditors
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28-1-1103. Performance to one of several joint creditors. An obligation in favor of several persons is extinguished by performance rendered to any of them, except in the case of a deposit made by owners in common or in joint ownership, which is regulated by Title 70, chapter 6.
Terms Used In Montana Code 28-1-1103
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Several: means two or more. See Montana Code 1-1-201