71-3-612. Requirements to be bona fide purchaser. It must be conclusively presumed by the court that a party purchasing the property subject to the lien within the 30 days given in this part to claimants in which to file their liens is not an innocent third party nor that the party has become a bona fide owner of the property subject to the lien unless it appears that the party has paid full value for the property and has seen that the purchase money of the property has been applied to the payment of bona fide claims that are entitled to liens upon the same property under the provisions of this part, according to the priorities established in this part.
History: En. Sec. 14, p. 131, L. 1899; re-en. Sec. 5832, Rev. C. 1907; re-en. Sec. 8331, R.C.M. 1921; re-en. Sec. 8331, R.C.M. 1935; R.C.M. 1947, 45-414; amd. Sec. 2285, Ch. 56, L. 2009.
Structure Montana Code Annotated
Title 71. Mortgages, Pledges, and Liens
71-3-601. Definition of lumber -- who may have lien
71-3-605. How to obtain lien -- form of claim
71-3-606. Claim for lien of landowner same
71-3-607. Immaterial defects in claim
71-3-608. Duties of county clerk
71-3-609. and 71-3-610 reserved
71-3-612. Requirements to be bona fide purchaser
71-3-614. Judgment and execution
71-3-615. Sale of property to satisfy lien
71-3-616. Penalty for destroying means of identification of property