Table of Contents
TITLE 80. AGRICULTURE
CHAPTER 4. AGRICULTURAL COMMODITIES
Part 4. Agricultural Commodities Generally
Current Version 2025, 2023, 2021, 2019, 2015, 2013
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80-4-401
80-4-402
80-4-403
80-4-404
80-4-405
80-4-406
80-4-407
80-4-408
80-4-409
80-4-410
80-4-411
80-4-415
80-4-416
80-4-419
80-4-420
80-4-421
80-4-422
80-4-424
80-4-425
80-4-426
80-4-427
80-4-428
80-4-429
80-4-430
Mont. Code Ann. § 80-4-419

Bankruptcy as grounds for cancellation

(1) If a commodity dealer files for bankruptcy, a contract or any part of a contract for delivery of a commodity may be canceled without penalty to the producer if the cancellation involves only the remaining unperformed portions of the contract. A cancellation under this section:

(a) is not a breach of contract;

(b) is allowed even if not explicitly provided for in the contract.

(2) In the event of a cancellation, a commodity dealer remains responsible for payment that is due to the producer for delivered portions of the contract.

Official Annotations
History:
En. Sec. 1, Ch. 247, L. 2013 (HB 344 - Hoven, Brian (R) HD 24)
Source