4.12.1030 NOTICE TO SELLERS OF FINANCIAL RISK
(1) Section 80-4-422 MCA provides
that: "title to all agricultural commodities sold by credit sale contract
is in the purchaser as of the time the contract is executed unless the contract
(2) All credit sale contracts which do not
provide that title remains with the seller until time of payment shall have the
following warning on the face of the contract and in boldface type:
"NOTICE: FINANCIAL RISK STATEMENT:
EVENT OF FINANCIAL INSOLVENCY, AMOUNTS OWING
SURETY BOND PAYMENT, MAY RESULT IN AN UNSECURED OBLIGATION. THE SELLER IS HEREBY ADVISED OF THE
FINANCIAL RISK INVOLVED WITH THIS TYPE OF CONTRACT."
History: 80-4-422 MCA; IMP, Sec. 80-4-422 MCA; NEW, 1991 MAR p. 1828, Eff. 9/27/91.