Montana § 31-2-201 - When Debtor May Execute Assignment
Full text of Montana Montana Code Annotated § 31-2-201 — When Debtor May Execute Assignment, with citation guidance and answers to common questions.
§ 31-2-201. When Debtor May Execute Assignment
When debtor may execute assignment. An insolvent debtor may, in good faith, execute an assignment of property to one or more assignees in trust for the satisfaction of the debtor's creditors, in conformity with the provisions of this part, subject to the provisions of this code relative to trusts and fraudulent transfers and to the restrictions imposed by law upon assignments by special partnerships, corporations, or other specific classes or persons.
Frequently Asked Questions About Montana § 31-2-201
What does Montana Code Annotated § 31-2-201 cover?
Section 31-2-201 ("When Debtor May Execute Assignment") 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 § 31-2-201?
A common citation format is "Montana Code Annotated § 31-2-201" (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 § 31-2-201 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.