§ 28-11-401 Surety defined
§ 28-11-402 When apparent principal may show surety
§ 28-11-403 Interpretation of contract of suretyship
§ 28-11-404 Suretyship unaffected by judgment against surety
§ 28-11-411 Extent of surety’s liability
§ 28-11-412 Exoneration of surety
§ 28-11-413 Effect of performance or offer of performance on surety’s liability
§ 28-11-414 Application to surety of rights of guarantor
§ 28-11-415 Power of surety to compel principal to perform
§ 28-11-416 When surety may require creditor to pursue remedy
§ 28-11-417 Surety’s right to reimbursement and contribution
§ 28-11-418 Surety entitled to benefit of security held by creditor or cosurety
§ 28-11-419 Creditor entitled to benefit of security held by surety
§ 28-11-420 Principal’s property to be taken first
lawyer at desk

Ask a litigation question, get an answer ASAP!
Thousands of highly rated, verified litigation lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Montana Code > Title 28 > Chapter 11 > Part 4 - Suretyship

  • Contract: A legal written agreement that becomes binding when signed.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • 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.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Property: means real and personal property. See Montana Code 1-1-205