30-3-108. Payable on demand, MCA
  1. MCA Contents
  2. TITLE 30
  3. CHAPTER 3
  4. Part 1
  5. 30-3-108 Payable on demand

Montana Code Annotated 2017

TITLE 30. TRADE AND COMMERCE

CHAPTER 3. UNIFORM COMMERCIAL CODE NEGOTIABLE INSTRUMENTS

Part 1. Short Title, Form, and Interpretation

Payable On Demand

30-3-108. Payable on demand. A promise or order is "payable on demand" if:

(1) it states that it is payable on demand or at sight or otherwise indicates that it is payable at the will of the holder; or

(2) it does not state any time of payment.

History: En. Sec. 3-108, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-108; amd. Sec. 94, Ch. 410, L. 1991.