{"data":{"id":"us-mt/30-9a-323","jurisdiction":"us-mt","citation":"30-9A-323","heading":"Future advances.","body":"(1) Except as otherwise provided in subsection (3), for purposes of determining the priority of a perfected security interest under 30-9A-322(1)(a), perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that:\n(a) is made while the security interest is perfected only:\n(i) under 30-9A-309 when it attaches; or\n(ii) temporarily under 30-9A-312(5), (6), or (7); and\n(b) is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under 30-9A-309 or 30-9A-312(5), (6), or (7).\n(2) Except as otherwise provided in subsection (3), a security interest is subordinate to the rights of a person that becomes a lien creditor to the extent that the security interest secures an advance made more than 45 days after the person becomes a lien creditor unless the advance is made:\n(a) without knowledge of the lien; or\n(b) pursuant to a commitment entered into without knowledge of the lien.\n(3) Subsections (1) and (2) do not apply to a security interest held by a secured party that is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor.\n(4) Except as otherwise provided in subsection (5), a buyer of goods takes free of a security interest to the extent that it secures advances made after the earlier of:\n(a) the time the secured party acquires knowledge of the buyer's purchase; or\n(b) 45 days after the purchase.\n(5) Subsection (4) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the buyer's purchase and before the expiration of the 45-day period.\n(6) Except as otherwise provided in subsection (7), a lessee of goods takes the leasehold interest free of a security interest to the extent that it secures advances made after the earlier of:\n(a) the time the secured party acquires knowledge of the lease; or\n(b) 45 days after the lease contract becomes enforceable.\n(7) Subsection (6) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the lease and before the expiration of the 45-day period.","path":["TITLE 30. TRADE AND COMMERCE","CHAPTER 9A. UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS","Part 3. Perfection and Priority"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_009A/part_0030/section_0230/0300-009A-0030-0230.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:14Z","sha256":"e45667a617e77d947b8f1e95cb12fbc560cda37e5158c00a08fb320f50322007","source_id":"us-mt","stale":false,"prev":"us-mt/30-9a-322","next":"us-mt/30-9a-324"},"notice":"GroundRules: Original legal text. Not legal advice."}