Mont. Code § 33-2-1355

Current through the 2023 Regular Session
Section 33-2-1355 - Set off for further credit given in good faith

If a creditor has been preferred and afterward in good faith gives the insurer further credit without security of any kind for property that becomes a part of the insurer's estate, the amount of the new credit remaining unpaid at the time of the petition may be set off against the preference that would otherwise be recoverable from the insurer.

§ 33-2-1355, MCA

En. Sec. 28, Ch. 383, L. 1979; amd. Sec. 1110, Ch. 56, L. 2009.