Montana § 33-2-1355 - Set Off For Further Credit Given In Good Faith

Full text of Montana Montana Code Annotated § 33-2-1355 — Set Off For Further Credit Given In Good Faith, with citation guidance and answers to common questions.

§ 33-2-1355. Set Off For Further Credit Given In Good Faith

Set off for further credit given in good faith. If a creditor has been preferred and afterward in good faith gives the insurer further credit without security of any kind for property that becomes a part of the insurer's estate, the amount of the new credit remaining unpaid at the time of the petition may be set off against the preference that would otherwise be recoverable from the insurer.

Source: official Montana text · Last verified 2026-08-27

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Frequently Asked Questions About Montana § 33-2-1355

What does Montana Code Annotated § 33-2-1355 cover?

Section 33-2-1355 ("Set Off For Further Credit Given In Good Faith") 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 § 33-2-1355?

A common citation format is "Montana Code Annotated § 33-2-1355" (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 § 33-2-1355 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.