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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) A person commits the offense of defrauding secured creditors if the person destroys, conceals, encumbers, transfers, removes from the state, or otherwise deals with property subject to a security interest with the purpose to hinder enforcement of that interest.
(2) “Security interest” means an interest in personal property or fixtures as defined in the Uniform Commercial Code, 30-1-201(2)(jj).
(3) A person convicted of the offense of defrauding secured creditors shall be fined not to exceed $500 or be imprisoned in the county jail for a term not to exceed 6 months, or both.
(4) A person who destroys, conceals, encumbers, transfers, removes from the state, or otherwise deals with property subject to a security interest with the purpose of depriving the owner of the property or of the proceeds and value from the property may be prosecuted under 45-6-301.
Cite this article: FindLaw.com - Montana Title 45. Crimes § 45-6-315. Defrauding creditors - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-45-crimes/mt-st-45-6-315/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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