Montana Code 30-9A-319. Rights and title of consignee with respect to creditors and purchasers
30-9A-319. Rights and title of consignee with respect to creditors and purchasers. (1) Except as otherwise provided in subsection (2), for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee has rights and title to the goods identical to those the consignor had or had power to transfer.
Terms Used In Montana Code 30-9A-319
- Consignee: means a merchant to which goods are delivered in a consignment. See Montana Code 30-9A-102
- Consignor: means a person that delivers goods to a consignee in a consignment. See Montana Code 30-9A-102
- Goods: means all things that are movable when a security interest attaches. See Montana Code 30-9A-102
(2)For purposes of determining the rights of a creditor of a consignee, law other than this chapter determines the rights and title of a consignee while goods are in the consignee’s possession if, under this part, a perfected security interest held by the consignor would have priority over the rights of the creditor.