Terms Used In Montana Code 30-9A-525

• As-extracted collateral: means :

  (i)oil, gas, or other minerals that are subject to a security interest that:

  (A)is created by a debtor having an interest in the minerals before extraction; and

  (B)attaches to the minerals as extracted; or

  (ii)accounts arising out of the sale at the wellhead or minehead of oil, gas, or other minerals in which the debtor had an interest before extraction. See Montana Code 30-9A-102

• Collateral: means the property subject to a security interest or agricultural lien. See Montana Code 30-9A-102
• Debtor: means :

  (i)a person having a property interest, other than a security interest or other lien, in the collateral, whether or not the person is an obligor;

  (ii)a seller of accounts, chattel paper, payment intangibles, or promissory notes; or

  (iii)a consignee. See Montana Code 30-9A-102

• Filing office: means an office designated in 30-9A-501 as the place to file a financing statement. See Montana Code 30-9A-102
• Financing statement: means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. See Montana Code 30-9A-102
• Fixture filing: means the filing of a financing statement covering goods that are or are to become fixtures and satisfying the requirements of 30-9A-502(1) and (2). See Montana Code 30-9A-102
• Manufactured-home transaction: means a secured transaction:

  (i)that creates a purchase-money security interest in a manufactured home, other than a manufactured home held as inventory; or

  (ii)in which a manufactured home, other than a manufactured home held as inventory, is the primary collateral. See Montana Code 30-9A-102

• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgage: means a consensual interest in real property, including fixtures, that is created by a mortgage, trust deed, or similar transaction. See Montana Code 30-9A-102
• Public-finance transaction: means a secured transaction in connection with which:

  (i)bonds, debentures, certificates of participation, or similar debt securities are issued;

  (ii)all or a portion of the securities issued have an initial stated maturity of at least 20 years; and

  (iii)the debtor, the obligor, the secured party, the account debtor or other person obligated on collateral, the assignor or assignee of a secured obligation, or the assignor or assignee of a security interest is a state or a governmental unit of a state. See Montana Code 30-9A-102

• State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Montana Code 30-9A-102