Montana § 25-13-712 - Property Subject To A Security Interest -- Disposition Of Proceeds, Security Agreement
Full text of Montana Montana Code Annotated § 25-13-712 — Property Subject To A Security Interest -- Disposition Of Proceeds, Security Agreement, with citation guidance and answers to common questions.
§ 25-13-712. Property Subject To A Security Interest -- Disposition Of Proceeds, Security Agreement
Property subject to a security interest -- disposition of proceeds, security agreement. (1) When the property taken under 25-13-505 is sold under process, the officer levying the writ must apply the proceeds of the sale as follows: (a) to the repayment of the sum paid to the secured party, with interest from the date of such payment; and (b) the balance, if any, in like manner as the proceeds of sales under execution are applied in other cases. (2) In the event the property is sold under execution, such creditor shall be required to deliver to the debtor the security agreement and any note or other evidence of indebtedness secured thereby obtained from the secured party when the property is sold for the amount of the indebtedness under the security agreement or an amount in excess thereof.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 25-13-712
What does Montana Code Annotated § 25-13-712 cover?
Section 25-13-712 ("Property Subject To A Security Interest -- Disposition Of Proceeds, Security Agreement") 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 § 25-13-712?
A common citation format is "Montana Code Annotated § 25-13-712" (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 § 25-13-712 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.