Montana § 80-4-608 - Payment Of Purchase Price -- Definitions
Full text of Montana Montana Code Annotated § 80-4-608 — Payment Of Purchase Price -- Definitions, with citation guidance and answers to common questions.
§ 80-4-608. Payment Of Purchase Price -- Definitions
Payment of purchase price -- definitions. (1) A person required to be licensed as a commodity dealer shall pay 90% of the purchase price to the owner or the owner's agent for agricultural commodities upon delivery and demand by the owner or agent and the remaining 10% not later than 30 days after delivery by the owner or agent unless otherwise agreed to in writing by the parties. Title to agricultural commodities sold to a commodity dealer under this section transfers to the commodity dealer upon physical delivery of the commodity. (2) As used in this section, the following definitions apply: (a) "Delivery" means the transfer by the seller of title to and possession of agricultural commodities to the commodity dealer or to another person in accordance with the agreement between the seller and the commodity dealer. (b) "Payment" means the actual payment or tender of payment of the agreed purchase price by the commodity dealer to the seller.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 80-4-608
What does Montana Code Annotated § 80-4-608 cover?
Section 80-4-608 ("Payment Of Purchase Price -- Definitions") 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 § 80-4-608?
A common citation format is "Montana Code Annotated § 80-4-608" (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 § 80-4-608 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.