71-3-1604. Validity of lien — transferability
71-3-1604. Validity of lien — transferability. (1) The security interest and lien granted to an interest owner under this part are not dependent on the interest owner’s or operator’s possession of the severed oil or gas. (2) A change or transfer of the actual or constructive possession of or title to the severed oil or gas from […]
71-3-1605. Perfection of lien — verified notice — effect of instruments — effective date
71-3-1605. Perfection of lien — verified notice — effect of instruments — effective date. (1) An interest owner who does not receive proceeds or payment for severed oil or gas when the proceeds are due may perfect the security interest and lien claimed under 71-3-1603 by filing a notice, as provided in subsection (2), in the […]
71-3-1606. Rights of first purchasers
71-3-1606. Rights of first purchasers. (1) The following are not affected by the provisions of this part or the filing of any instrument permitted under this part: (a) transfer of the legal title to oil or gas from an interest owner or operator to a first purchaser; (b) ownership of oil or gas before the oil or gas […]
71-3-1607. Expiration of lien — enforcement — consolidation — costs — personal actions — other rights and remedies
71-3-1607. Expiration of lien — enforcement — consolidation — costs — personal actions — other rights and remedies. (1) A security interest and lien claimed by an interest owner under 71-3-1603 and perfected under 71-3-1605 are attached to oil or gas that has not been paid for or to the proceeds of oil or gas if […]
71-3-1502. Banker’s lien
71-3-1502. Banker’s lien. A banker has a general lien, dependent on possession, upon all property in the banker’s hands belonging to a customer for the balance due to the banker from the customer in the course of the business. History: En. Sec. 3937, Civ. C. 1895; re-en. Sec. 5807, Rev. C. 1907; re-en. Sec. 8388, R.C.M. 1921; […]
71-3-1503. Officer’s lien
71-3-1503. Officer’s lien. An officer who levies an attachment or execution upon personal property acquires a special lien, dependent on possession, upon that property, which authorizes the officer to hold it until the process is discharged or satisfied or a judicial sale of the property is had. History: En. Sec. 3940, Civ. C. 1895; re-en. Sec. 5810, […]
71-3-1504. Judgment lien
71-3-1504. Judgment lien. The lien of a judgment is regulated by Title 25. History: En. Sec. 3941, Civ. C. 1895; re-en. Sec. 5811, Rev. C. 1907; re-en. Sec. 8392, R.C.M. 1921; Cal. Civ. C. Sec. 3058; Field Civ. C. Sec. 1703; re-en. Sec. 8392, R.C.M. 1935; R.C.M. 1947, 45-1115.
71-3-1505. Lien for rental on frozen food compartments
71-3-1505. Lien for rental on frozen food compartments. A person who operates a frozen food plant that offers individual compartments to the public has a lien on the property in the person’s possession for rentals or other charges due. Liens may be foreclosed in the same way provided for chattel mortgages. History: En. Sec. 13, Ch. 17, […]
71-3-1506. Tax deficiency lien
71-3-1506. Tax deficiency lien. A municipality has a lien for tax deficiency payments as described in a properly filed agreement for tax deficiency payment pursuant to 7-15-4294. The lien has the same priority as a lien for general property taxes. Lien proceeds must be disbursed pursuant to 7-15-4286(2). History: En. Sec. 5, Ch. 545, L. 2005.
71-3-1601. Short title
71-3-1601. Short title. This part may be cited as the “Montana Oil and Gas Owners’ Lien Act”. History: En. Sec. 1, Ch. 367, L. 2009.