{"data":{"id":"us-mt/30-9a-208","jurisdiction":"us-mt","citation":"30-9A-208","heading":"Additional duties of secured party having control of collateral.","body":"(1) This section applies if:\n(a) there is no outstanding secured obligation; and\n(b) the secured party is not committed to make advances, incur obligations, or otherwise give value.\n(2) Within 10 days after receiving a signed demand by the debtor:\n(a) a secured party having control of a deposit account under 30-9A-104(1)(b) shall send to the bank with which the deposit account is maintained a signed record that releases the bank from any further obligation to comply with instructions originated by the secured party;\n(b) a secured party having control of a deposit account under 30-9A-104(1)(c) shall:\n(i) pay the debtor the balance on deposit in the deposit account; or\n(ii) transfer the balance on deposit into a deposit account in the debtor's name;\n(c) a secured party, other than a buyer, having control under 30-9A-105 of an authoritative electronic copy of a record evidencing chattel paper shall transfer control of the electronic copy to the debtor or a person designated by the debtor;\n(d) a secured party having control of investment property under 30-8-116(4)(b) or 30-9A-106(2) shall send to the securities intermediary or commodity intermediary with which the security entitlement or commodity contract is maintained a signed record that releases the securities intermediary or commodity intermediary from any further obligation to comply with entitlement orders or directions originated by the secured party;\n(e) a secured party having control of a letter-of-credit right under 30-9A-107 shall send to each person having an unfulfilled obligation to pay or deliver proceeds of the letter of credit to the secured party a signed release from any further obligation to pay or deliver proceeds of the letter of credit to the secured party;\n(f) a secured party having control under 30-7-107 of an authoritative electronic copy of an electronic document of title shall transfer control of the electronic copy to the debtor or a person designated by the debtor; and\n(g) a secured party having control under 30-12A-105 of a controllable electronic record, other than a buyer of a controllable account or controllable payment intangible evidenced by the controllable electronic record, shall transfer control of the controllable electronic record to the debtor or a person designated by the debtor.","path":["TITLE 30. TRADE AND COMMERCE","CHAPTER 9A. UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS","Part 2. Effectiveness of Security Agreement -- Attachment of Security Interest -- Rights of Parties to Security Agreement"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_009A/part_0020/section_0080/0300-009A-0020-0080.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:13Z","sha256":"578b573ef33666f93af8050c87553e52b8e1e250b055bca690ff7feea8c2a433","source_id":"us-mt","stale":false,"prev":"us-mt/30-9a-207","next":"us-mt/30-9a-209"},"notice":"GroundRules: Original legal text. Not legal advice."}