Montana § 31-2-213 - Inventory Required
Full text of Montana Montana Code Annotated § 31-2-213 — Inventory Required, with citation guidance and answers to common questions.
§ 31-2-213. Inventory Required
Inventory required. Within 20 days after an assignment is made for the benefit of creditors, the assignor must make and file, in the manner prescribed by 31-2-215 , a full and true inventory showing: (1) all the creditors of the assignor; (2) the place of residence of each creditor, if known to the assignor, or if not known, that fact must be stated; (3) the sum owing to each creditor and the nature of each debt or liability, whether arising on written security, account, or otherwise; (4) the true consideration of the liability in each case and the place where it arose; (5) every existing judgment, mortgage, or other security for the payment of any debt or liability of the assignor; (6) all property of the assignor at the date of the assignment which is exempt by law from execution; and (7) all of the assignor's property at the date of the assignment, both real and personal, of every kind, not so exempt; the encumbrances existing thereon; all vouchers and securities relating thereto; and the value of such property, according to the best knowledge of the assignor.
Frequently Asked Questions About Montana § 31-2-213
What does Montana Code Annotated § 31-2-213 cover?
Section 31-2-213 ("Inventory Required") 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 § 31-2-213?
A common citation format is "Montana Code Annotated § 31-2-213" (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 § 31-2-213 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.