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Rule Title: SECURITY INTEREST OR OTHER ENCUMBRANCE
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Department: PUBLIC SERVICE REGULATION, DEPARTMENT OF
Chapter: MOTOR CARRIERS
Subchapter: Sale, Transfer or Encumbering of Certificate of Authority
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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38.3.2106    SECURITY INTEREST OR OTHER ENCUMBRANCE

(1) Any Montana public service commission operating certificate or permit can be a subject of a security interest or other encumbrance by another party with commission approval.   Such security interest or encumbrance must be imposed as provided for under the Uniform Commercial Code, Title 30, MCA, as amended.

(2) The filing of Form UCC-1 or 2 with the commission for filing in the carrier's public record will constitute notice of a preexisting security interest or encumbrance.

History: Sec. 69-12-201, MCA; IMP, Sec. 69-12-325, MCA; Eff. 12/31/72.


 

 
MAR Notices Effective From Effective To History Notes
12/31/1972 Current History: Sec. 69-12-201, MCA; IMP, Sec. 69-12-325, MCA; Eff. 12/31/72.
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