71-3-121. Extinction by sale or wrongful conversion. The sale of any property on which there is a lien in satisfaction of the claim secured thereby or, in case of personal property, its wrongful conversion by the person holding the lien extinguishes the lien thereon.
History: En. Sec. 3791, Civ. C. 1895; re-en. Sec. 5727, Rev. C. 1907; re-en. Sec. 8242, R.C.M. 1921; Cal. Civ. C. Sec. 2910; Field Civ. C. Sec. 1604; re-en. Sec. 8242, R.C.M. 1935; R.C.M. 1947, 45-305.
Structure Montana Code Annotated
Title 71. Mortgages, Pledges, and Liens
71-3-103. No lien for claim not due
71-3-105. Lien on future interest
71-3-108. Lien or contract for lien transfers no title
71-3-109. Certain contracts void
71-3-110. Enforcement of obligation by creditor
71-3-111. Creation of lien not a personal obligation
71-3-112. Holder of lien not entitled to compensation
71-3-114. Priority of purchase money mortgage
71-3-115. Order of resort to different funds
71-3-118. Rights of inferior lienor
71-3-119. Lien accessory to performance
71-3-120. Effect of partial performance
71-3-121. Extinction by sale or wrongful conversion
71-3-122. Lien extinguished by statute of limitations
71-3-123. When restoration extinguishes lien
71-3-125. Filing of agricultural lien statements