Montana § 71-1-317 - Deficiency Judgment Not Allowed
Full text of Montana Montana Code Annotated § 71-1-317 — Deficiency Judgment Not Allowed, with citation guidance and answers to common questions.
§ 71-1-317. Deficiency Judgment Not Allowed
Deficiency judgment not allowed. When a trust indenture executed in conformity with this part is foreclosed by advertisement and sale, other or further action, suit, or proceedings may not be taken or judgment entered for any deficiency against the grantor or the grantor's surety, guarantor, or successor in interest, if any, on the note, bond, or other obligation secured by the trust indenture or against any other person obligated on the note, bond, or other obligation.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 71-1-317
What does Montana Code Annotated § 71-1-317 cover?
Section 71-1-317 ("Deficiency Judgment Not 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 § 71-1-317?
A common citation format is "Montana Code Annotated § 71-1-317" (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 § 71-1-317 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.