71-2-110. Debtor's misrepresentation of value of pledge, MCA
  1. MCA Contents
  2. TITLE 71
  3. CHAPTER 2
  4. Part 1
  5. 71-2-110 Debtor's misrepresentation of value of pledge

Montana Code Annotated 2017

TITLE 71. MORTGAGES, PLEDGES, AND LIENS

CHAPTER 2. PLEDGES

Part 1. Pledges in General

Debtor's Misrepresentation Of Value Of Pledge

71-2-110. Debtor's misrepresentation of value of pledge. When a debtor has obtained credit or an extension of time by a fraudulent misrepresentation of the value of property pledged by or for the debtor, the creditor may demand a further pledge to correspond with the value represented and in default of a further pledge may recover the debt immediately, though it is not actually due.

History: En. Sec. 3903, Civ. C. 1895; re-en. Sec. 5787, Rev. C. 1907; re-en. Sec. 8305, R.C.M. 1921; Cal. Civ. C. Sec. 2999; Field Civ. C. Sec. 1660; re-en. Sec. 8305, R.C.M. 1935; R.C.M. 1947, 65-114; amd. Sec. 2259, Ch. 56, L. 2009.