Montana § 71-3-704 - Acknowledgment Of Satisfaction Of Lien -- Penalty
Full text of Montana Montana Code Annotated § 71-3-704 — Acknowledgment Of Satisfaction Of Lien -- Penalty, with citation guidance and answers to common questions.
§ 71-3-704. Acknowledgment Of Satisfaction Of Lien -- Penalty
Acknowledgment of satisfaction of lien -- penalty. (1) Whenever the indebtedness that is a lien upon grain or other crops is paid and satisfied, it is the duty of the lienor to acknowledge satisfaction of the lien and to discharge the lien of record. If any lienor fails to acknowledge satisfaction and discharge of the lien within 30 days after being requested to do so by a person having a property interest in the grain or other crops, the lienor is liable to any person injured by the failure in the amount of the injury and the costs of the action. (2) A termination statement as described in 30-9A-513 must be filed with the secretary of state with the same obligations and penalties described in subsection (1).
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 71-3-704
What does Montana Code Annotated § 71-3-704 cover?
Section 71-3-704 ("Acknowledgment Of Satisfaction Of Lien -- Penalty") 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 § 71-3-704?
A common citation format is "Montana Code Annotated § 71-3-704" (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 § 71-3-704 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.