31-1-102. Loan to be repaid in current money. A borrower of money, unless there is an express contract to the contrary, must pay the amount due in such money as is current at the time when the loan becomes due, whether such money is worth more or less than the actual money lent.
History: En. Sec. 2581, Civ. C. 1895; re-en. Sec. 5207, Rev. C. 1907; re-en. Sec. 7721, R.C.M. 1921; Cal. Civ. C. Sec. 1913; Field Civ. C. Sec. 967; re-en. Sec. 7721, R.C.M. 1935; R.C.M. 1947, 47-120.
Structure Montana Code Annotated
Title 31. Credit Transactions and Relationships
Chapter 1. Credit Transactions
Part 1. Loans of Money -- Interest Rates
31-1-101. Loan of money -- what constitutes
31-1-102. Loan to be repaid in current money
31-1-103. Loan presumed to be on interest
31-1-107. Interest rate allowed by agreement
31-1-108. Penalty for usury -- action to recover excessive interest
31-1-109. When interest becomes part of principal
31-1-111. Definition of regulated lender
31-1-112. Interest rate limitation exemption -- regulated lenders -- merchant finance
31-1-113. Limitation of rule of 78ths
31-1-115. Issuing credit cards to minors -- collection of debt
31-1-116. Commercial loans -- when written agreement required