§ 71-1-101 Definition
§ 71-1-102 Power of attorney to execute
§ 71-1-103 Mortgage a special lien — on what a lien
§ 71-1-104 Mortgage not a personal obligation
§ 71-1-105 Mortgagee not entitled to possession
§ 71-1-106 Waste prohibited
§ 71-1-107 Transfers of interest
§ 71-1-108 Subsequently acquired title
§ 71-1-109 Mortgage of property adversely held
§ 71-1-110 Passage of mortgage by assignment of debt
§ 71-1-111 Power of sale
§ 71-1-112 Applicable laws
§ 71-1-113 Limit on the amount of funds on reserve
§ 71-1-114 Exception to limitation
§ 71-1-115 Record of reserve fund required

Terms Used In Montana Code > Title 71 > Chapter 1 > Part 1 - General Provisions

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • 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
  • Personal property: All property that is not real property.
  • Personal property: means money, goods, chattels, things in action, and evidences of debt. See Montana Code 1-1-205
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Property: means real and personal property. See Montana Code 1-1-205
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • Writing: includes printing. See Montana Code 1-1-203