Montana Code Annotated

Mont. Code Ann. § 71-1-101 (2026)

Definition

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TITLE 71. MORTGAGES, PLEDGES, AND LIENS

CHAPTER 1. MORTGAGES

Part 1. General Provisions

Definition

71-1-101. Definition. "Mortgage" is a contract by which specific property is hypothecated for the performance of an act, without the necessity of a change of possession.

History: En. Sec. 3810, Civ. C. 1895; re-en. Sec. 5731, Rev. C. 1907; re-en. Sec. 8246, R.C.M. 1921; Cal. Civ. C. Sec. 2920; Field Civ. C. Sec. 1608; re-en. Sec. 8246, R.C.M. 1935; R.C.M. 1947, 52-101.

Notes of Decisions
Cited in 4 cases, 1987–2001 · leading case: Rocky Mountain Bank v. Stuart, 928 P.2d 243 (Mont. 1996).
Rocky Mountain Bank v. Stuart, 928 P.2d 243 (Mont. 1996). · cites it 2× “Therefore, a trust indenture, like a mortgage, is a contract — an agreement between two or more parties to do, or not to do, something — by which property is pledged, without delivery of title or possession, for the performance of an act.”
Aveco Props., Inc. v. Nicholson, 747 P.2d 1358 (Mont. 1987). · cites it 3× “A mortgage is defined in Section 71-1-101, MCA, as a contract “by which specific property is hypothecated for the performance of an act, without the necessity of a change of possession.”
Travelers Ins. v. Holiday Vill. Shopping Ctr. Ltd., 931 P.2d 1292 (Mont. 1996). · cites it 3× “” Section 71-1-101, MCA. The agreement at issue here has characteristics of both a subordination agreement and a mortgage.”
In Re Harpole, 260 B.R. 165 (Bankr. D. Mont. 2001). “1002, 1007 (1929), concluded that MCA § 71-3-110 applied generally to *170 all statutory liens identified in Chapter 3 of Title 71, MCA, and the more limiting “one action” rule of MCA § 71-1-222 applied only to obligations that are defined as mortgages under MCA § 71-1-101. The…”
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