Montana § 39-71-408 - Liability As First Lien In Case Of Bankruptcy Or Failure
Full text of Montana Montana Code Annotated § 39-71-408 — Liability As First Lien In Case Of Bankruptcy Or Failure, with citation guidance and answers to common questions.
§ 39-71-408. Liability As First Lien In Case Of Bankruptcy Or Failure
Liability as first lien in case of bankruptcy or failure. In case of bankruptcy, insolvency, liquidation, or the failure of an employer or insurer to meet any obligations imposed by this chapter, every liability which may be due under this chapter shall constitute a first lien upon any deposit made by such employer or insurer, and if such deposit shall not be sufficient to secure the payment of such liability in the manner and at the times provided for in this chapter, the deficiency shall be a lien upon all the property of such employer or insurer within this state and shall be prorated with other lienable claims and shall have preference over the claim of any creditor or creditors of such employer or insurer except the claims of other lienors.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 39-71-408
What does Montana Code Annotated § 39-71-408 cover?
Section 39-71-408 ("Liability As First Lien In Case Of Bankruptcy Or Failure") 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 § 39-71-408?
A common citation format is "Montana Code Annotated § 39-71-408" (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 § 39-71-408 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.