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Current as of January 01, 2024 | Updated by FindLaw Staff
Personal property subject to a security interest may be taken on execution issued at the suit of a creditor of the debtor under the security agreement; but before the property is so taken, the officer levying the writ must pay or tender to the secured party the amount of the security agreement debt and interest or must deposit the same with the county treasurer of the county in which the financing statement covering the security agreement is filed, if such statement is filed with a county clerk and recorder, or if such statement is filed with another filing officer pursuant to law, then with such other filing officer, payable to the order of the secured party.
Cite this article: FindLaw.com - Montana Title 25. Civil Procedure § 25-13-505. Personal property subject to a security interest - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-25-civil-procedure/mt-code-ann-sect-25-13-505/
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