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Current as of January 01, 2024 | Updated by Findlaw Staff
If a creditor has been preferred and afterward in good faith gives the insurer further credit without security of any kind for property that becomes a part of the insurer's estate, the amount of the new credit remaining unpaid at the time of the petition may be set off against the preference that would otherwise be recoverable from the insurer.
Cite this article: FindLaw.com - Montana Title 33. Insurance and Insurance Companies § 33-2-1355. Set off for further credit given in good faith - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-33-insurance-and-insurance-companies/mt-st-33-2-1355/
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