Montana § 28-11-204 - Liability Under Guaranty That Obligation Is Good Or Collectible
Full text of Montana Montana Code Annotated § 28-11-204 — Liability Under Guaranty That Obligation Is Good Or Collectible, with citation guidance and answers to common questions.
§ 28-11-204. Liability Under Guaranty That Obligation Is Good Or Collectible
Liability under guaranty that obligation is good or collectible. (1) A guaranty to the effect that an obligation is good or is collectible imports that the debtor is solvent and that the demand is collectible by the usual legal proceedings if taken with reasonable diligence. (2) A guaranty such as is mentioned in subsection (1) is not discharged by an omission to take proceedings upon the principal debt or upon any collateral security for its payment if no part of the debt could have been collected thereby. (3) In the case mentioned in subsection (1), the removal of the principal from the state, leaving no property therein from which the obligation might be satisfied, is equivalent to the insolvency of the principal in its effect upon the rights and obligations of the guarantor.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 28-11-204
What does Montana Code Annotated § 28-11-204 cover?
Section 28-11-204 ("Liability Under Guaranty That Obligation Is Good Or Collectible") 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 § 28-11-204?
A common citation format is "Montana Code Annotated § 28-11-204" (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 § 28-11-204 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.