70-6-412. Application of proceeds of sale. (1) After paying the expenses of sale, including the publication of notice, the storage or commission merchant or the carrier is authorized, out of the proceeds arising from the sale of the property, to retain the amount due the merchant or carrier for storage or freight, or both, due upon any property, and the excess, if any, must be paid over to the person entitled to the proceeds.
(2) All sales under this part vest the title to the property sold in the purchaser of the property.
History: En. Sec. 3, p. 545, Cod. Stat. 1871; re-en. Sec. 1181, 5th Div. Rev. Stat. 1879; re-en. Sec. 1895, 5th Div. Comp. Stat. 1887; amd. Sec. 2496, Civ. C. 1895; re-en. Sec. 2, p. 153, L. 1901; re-en. Sec. 5163, Rev. C. 1907; re-en. Sec. 7666, R.C.M. 1921; re-en. Sec. 7666, R.C.M. 1935; R.C.M. 1947, 20-307; amd. Sec. 2090, Ch. 56, L. 2009.
Structure Montana Code Annotated
Chapter 6. Bailment -- Deposit
70-6-401. Applicability -- Uniform Commercial Code
70-6-402. Deposit for hire defined
70-6-403. Degree of care required of depositary for hire
70-6-404. Rate of compensation for fraction of week or half month
70-6-405. Termination of deposit
70-6-406. through 70-6-410 reserved
70-6-411. Sale to pay costs of storage
70-6-412. Application of proceeds of sale