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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) There is equal priority between or among construction lien claimants who contribute to the same real estate improvement project, regardless of the date on which each lien claimant first contributed services or materials and regardless of the date on which the claimant filed the notice of lien. When the proceeds of a foreclosure sale are not sufficient to pay all construction lien claimants in full, each claimant must receive a pro rata share of the proceeds based on the amount of the claimant's respective lien.
(2) Construction liens attaching at different times have priority in the order of attachment.
Cite this article: FindLaw.com - Montana Title 71. Mortgages, Pledges, and Liens § 71-3-541. Priority among holders of construction liens - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-71-mortgages-pledges-and-liens/mt-st-71-3-541/
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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