71-2-109. When real owner cannot defeat pledge. A person who has allowed another to assume the apparent ownership of property for the purpose of making any transfer of it may not set up the person's own title to defeat a pledge of the property made by the other to a pledgee who received the property in good faith in the ordinary course of business and for value.
History: En. Sec. 3895, Civ. C. 1895; re-en. Sec. 5779, Rev. C. 1907; re-en. Sec. 8297, R.C.M. 1921; Cal. Civ. C. Sec. 2991; Field Civ. C. Sec. 1652; re-en. Sec. 8297, R.C.M. 1935; R.C.M. 1947, 65-106; amd. Sec. 2258, Ch. 56, L. 2009.
Structure Montana Code Annotated
Title 71. Mortgages, Pledges, and Liens
71-2-102. When contract considered a pledge
71-2-104. Pledgee or pledge holder for reward
71-2-105. Gratuitous pledge holder
71-2-106. Obligations of pledge holder
71-2-107. Property pledged to extent of lien
71-2-108. When pledge may not be withdrawn