Montana Code 70-20-402. Instrument not void as to purchaser with notice — exception
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70-20-402. Instrument not void as to purchaser with notice — exception. An instrument is not to be avoided under 70-20-401 in favor of a subsequent purchaser or encumbrancer having notice at the time the purchase was made or the lien was acquired unless the person in whose favor the instrument was made was a privy to the fraud intended.
Terms Used In Montana Code 70-20-402
- Fraud: Intentional deception resulting in injury to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201