§ 25-13-801 Who may redeem-definition

Codes > Montana Code > Title 25 > Chapter 13 : Part 8 > 25-13-801 Who

25-13-801. Who may redeem--definition

    (1) Property sold subject to redemption, as provided by 25-13-710, or any part sold separately may be redeemed in the manner provided in this part by the following persons or their successors in interest:

        (a) the judgment debtor, the judgment debtor's spouse, or the judgment debtor's successor in interest in the whole or any part of the property and, if the judgment debtor or successor is a corporation, a stockholder of the corporation;

        (b) a creditor having a lien by judgment, mortgage, or attachment on the property sold or on some share or part of the property subsequent to that on which the property is sold. If a corporation is the creditor, then any stockholder of the corporation may redeem.

    (2) The persons mentioned in subsection (1)(b) are, in this part, termed “redemptioners”.