71-3-541. Priority among holders of construction liens. (1) There is equal priority between or among construction lien claimants who contribute to the same real estate improvement project, regardless of the date on which each lien claimant first contributed services or materials and regardless of the date on which the claimant filed the notice of lien. When the proceeds of a foreclosure sale are not sufficient to pay all construction lien claimants in full, each claimant must receive a pro rata share of the proceeds based on the amount of the claimant's respective lien.
(2) Construction liens attaching at different times have priority in the order of attachment.
History: En. Sec. 11, Ch. 202, L. 1987; amd. Sec. 2279, 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