Montana Code 31-2-103. Contracts of debtor are valid
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31-2-103. Contracts of debtor are valid. In the absence of fraud, every contract of a debtor is valid against all the debtor’s creditors, existing or subsequent, who have not acquired a lien on the property affected by the contract.
Terms Used In Montana Code 31-2-103
- Contract: A legal written agreement that becomes binding when signed.
- Fraud: Intentional deception resulting in injury to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: means real and personal property. See Montana Code 1-1-205