§ 31-2-201 When debtor may execute assignment
§ 31-2-202 Insolvency — what constitutes
§ 31-2-203 Certain transfers not affected
§ 31-2-204 What debts may be secured
§ 31-2-205 Preference given for wages
§ 31-2-206 Preference to be absolute
§ 31-2-207 Certain rights not affected by preferences in assignment
§ 31-2-208 Joint and separate debts
§ 31-2-209 Assignment — when void
§ 31-2-210 The instrument of assignment
§ 31-2-211 Compliance necessary to validity of assignment
§ 31-2-212 Assignee takes subject to rights of third parties
§ 31-2-213 Inventory required
§ 31-2-214 Verification of inventory — when assignee required to file — inspection of assignor’s books and papers
§ 31-2-215 Recording assignment and filing inventory
§ 31-2-216 Recording and filing when more than one assignor
§ 31-2-217 Effect of failing to record
§ 31-2-218 Assignment of real property
§ 31-2-219 Bond of assignees
§ 31-2-220 Management, disposal, and conversion of estate
§ 31-2-221 Notice to creditors to present claims
§ 31-2-222 Notices to parties interested in the estate as creditors or otherwise
§ 31-2-223 Duties of assignee
§ 31-2-224 Power of court
§ 31-2-225 When further security required
§ 31-2-226 Accounting of assignee
§ 31-2-227 Property exempt
§ 31-2-228 Compensation
§ 31-2-229 Assignees protected for acts done in good faith
§ 31-2-230 Assent of creditors necessary to modification of assignment
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Terms Used In Montana Code > Title 31 > Chapter 2 > Part 2 - Assignments for Benefit of Creditors

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Affidavit: means a sworn written declaration made before an officer authorized to administer oaths or an unsworn written declaration made under penalty of perjury as provided in 1-6-105. See Montana Code 1-1-203
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Chambers: A judge's office.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Dependent: A person dependent for support upon another.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • Oath: includes an affirmation or declaration. See Montana Code 1-1-201
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Several: means two or more. See Montana Code 1-1-201
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Writing: includes printing. See Montana Code 1-1-203