Montana § 30-3-419 - Conversion Of Instrument
Full text of Montana Montana Code Annotated § 30-3-419 — Conversion Of Instrument, with citation guidance and answers to common questions.
§ 30-3-419. Conversion Of Instrument
Conversion of instrument. (1) The law applicable to conversion of personal property applies to instruments. An instrument is also converted if the instrument lacks an indorsement necessary for negotiation and it is purchased or taken for collection or the drawee takes the instrument and makes payment to a person not entitled to receive payment. An action for conversion of an instrument may not be brought by: (a) the maker, drawer, or acceptor of an instrument; or (b) a payee or indorsee who did not receive delivery of the instrument either directly or through delivery to an agent or copayee. (2) In an action under subsection (1), the measure of liability is presumed to be the amount payable on the instrument, but recovery may not exceed the amount of the plaintiff's interest in the instrument. (3) A representative, other than a depositary bank, that has in good faith dealt with an instrument or its proceeds on behalf of one who was not the person entitled to enforce the instrument is not liable in conversion to that person beyond the amount of any proceeds that it has not paid out.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 30-3-419
What does Montana Code Annotated § 30-3-419 cover?
Section 30-3-419 ("Conversion Of Instrument") 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 § 30-3-419?
A common citation format is "Montana Code Annotated § 30-3-419" (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 § 30-3-419 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.