71-3-537. Acknowledgment of satisfaction of lien -- penalty. Whenever any indebtedness that is a lien upon any real estate, structure, building, or other improvement is paid and satisfied, it is the duty of the creditors to acknowledge satisfaction of the indebtedness in the same manner as a mortgage. If a creditor fails to acknowledge satisfaction, the creditor is liable to any person injured by the failure to the amount of the injury and the costs of action.
History: En. Sec. 841, 5th Div. Rev. Stat. 1879; re-en. Sec. 1385, 5th Div. Comp. Stat. 1887; amd. Sec. 2141, C. Civ. Proc. 1895; re-en. Sec. 7301, Rev. C. 1907; re-en. Sec. 8350, R.C.M. 1921; re-en. Sec. 8350, R.C.M. 1935; R.C.M. 1947, 45-512; Sec. 71-3-515, MCA 1985; redes. 71-3-537 by Code Commissioner, 1987; amd. Sec. 2278, Ch. 56, L. 2009.
Structure Montana Code Annotated
Title 71. Mortgages, Pledges, and Liens
71-3-506. through 71-3-510 reserved
71-3-523. Who may claim construction lien -- limitation
71-3-524. Limitation of lien for materials supplied
71-3-527. through 71-3-530 reserved
71-3-531. Notice of right to claim lien required -- exceptions
71-3-532. Content of notice of right to claim lien
71-3-533. Notice of completion
71-3-534. Filing with county clerk -- notification of owner
71-3-535. Attachment of lien -- filing
71-3-536. Content of lien notice
71-3-537. Acknowledgment of satisfaction of lien -- penalty
71-3-538. Release of notice of right to claim lien
71-3-539. and 71-3-540 reserved
71-3-541. Priority among holders of construction liens
71-3-542. Priority of construction liens as against claims other than construction lien claims
71-3-543. through 71-3-550 reserved
71-3-551. Substitution of bond allowed -- filing -- amount -- condition
71-3-552. Lien discharged upon filing of bond
71-3-553. Action upon bond -- period of limitation same
71-3-554. through 71-3-560 reserved