Montana § 80-4-419 - Bankruptcy As Grounds For Cancellation
Full text of Montana Montana Code Annotated § 80-4-419 — Bankruptcy As Grounds For Cancellation, with citation guidance and answers to common questions.
§ 80-4-419. Bankruptcy As Grounds For Cancellation
Bankruptcy as grounds for cancellation. (1) If a commodity dealer files for bankruptcy, a contract or any part of a contract for delivery of a commodity may be canceled without penalty to the producer if the cancellation involves only the remaining unperformed portions of the contract. A cancellation under this section: (a) is not a breach of contract; (b) is allowed even if not explicitly provided for in the contract. (2) In the event of a cancellation, a commodity dealer remains responsible for payment that is due to the producer for delivered portions of the contract.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 80-4-419
What does Montana Code Annotated § 80-4-419 cover?
Section 80-4-419 ("Bankruptcy As Grounds For Cancellation") 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 § 80-4-419?
A common citation format is "Montana Code Annotated § 80-4-419" (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 § 80-4-419 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.