Montana Code 81-8-233. Title warranty of livestock sold
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81-8-233. Title warranty of livestock sold. A livestock market or livestock dealer shall warrant to the purchaser thereof the title of all livestock sold. A livestock market is liable to the rightful owner of all livestock sold for the net proceeds for such livestock whether or not the rightful owner was known to the market at the time of the sale.
Terms Used In Montana Code 81-8-233
- Livestock: means cattle, calves, hogs, pigs, horses, mules, sheep, lambs, and goats. See Montana Code 81-8-213
- Livestock dealer: means a person engaged in the business of buying or selling livestock in commerce on the person's own account or as an employee or agent of a vendor or purchaser. See Montana Code 81-8-213
- Livestock market: means :
(i)a person engaged in the business of buying or selling livestock in commerce on a commission basis;
(ii)a person engaged in the business of furnishing stockyard services; or
(iii)a livestock video auction as defined in this section. See Montana Code 81-8-213