Montana § 27-1-306 - When Replacement Value To Be Allowed
Full text of Montana Montana Code Annotated § 27-1-306 — When Replacement Value To Be Allowed, with citation guidance and answers to common questions.
§ 27-1-306. When Replacement Value To Be Allowed
When replacement value to be allowed. The measure of damages in a case in which the cost of repairing a motor vehicle exceeds its value is the actual replacement value of the motor vehicle rather than its "book" value unless, after the damages arise, the parties agree to use the "book" value. "Book" value must be determined by referring to the most recent used car value and pricing information published by an organization nationally recognized for providing information related to used car value and pricing. Actual replacement value is the actual cash value of the motor vehicle immediately prior to the damage. "Book" value may be used to assist in determining the actual replacement value of the motor vehicle.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 27-1-306
What does Montana Code Annotated § 27-1-306 cover?
Section 27-1-306 ("When Replacement Value To Be Allowed") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 27-1-306?
A common citation format is "Montana Code Annotated § 27-1-306" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 27-1-306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.