Montana § 28-1-1504 - When Acceptance Of Novation May Be Rescinded
Full text of Montana Montana Code Annotated § 28-1-1504 — When Acceptance Of Novation May Be Rescinded, with citation guidance and answers to common questions.
§ 28-1-1504. When Acceptance Of Novation May Be Rescinded
When acceptance of novation may be rescinded. When the obligation of a third person or an order upon the third person is accepted in satisfaction, the creditor may rescind the acceptance if: (1) the debtor prevents the third person from complying with the order or from fulfilling the obligation; (2) at the time the obligation or order is received, the third person is insolvent and the fact is unknown to the creditor; or (3) before the creditor can, with reasonable diligence, present the order to the third person upon whom it is given, the third person becomes insolvent.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 28-1-1504
What does Montana Code Annotated § 28-1-1504 cover?
Section 28-1-1504 ("When Acceptance Of Novation May Be Rescinded") is part of the Montana Code Annotated, the codified statutory law of Montana.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 § 28-1-1504?
A common citation format is "Montana Code Annotated § 28-1-1504" (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 § 28-1-1504 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.