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.
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
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). “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). “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). “” 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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