# Mont. Code Ann. § 30-8-331: 30-8-331 Delivery

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-331

## Section

- **Citation:** Mont. Code Ann. § 30-8-331
- **Heading:** 30-8-331 Delivery
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 30 / Chapter 8 / Part 3 / Section 30-8-331

## Text

30-8-331 . Delivery. (1) Delivery of a certificated security to a purchaser occurs when:

(a) the purchaser acquires possession of the security certificate;

(b) another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser; or

(c) a securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is:

(i) registered in the name of the purchaser;

(ii) payable to the order of the purchaser; or

(iii) specially indorsed to the purchaser by an effective indorsement and has not been indorsed to the securities intermediary or in blank.

(2) Delivery of an uncertificated security to a purchaser occurs when:

(a) the issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or

(b) another person, other than a securities intermediary, either becomes the registered owner of the uncertificated security on behalf of the purchaser or, having previously become the registered owner, acknowledges that it holds for the purchaser.

## Nearby sections

- [Mont. Code Ann. § 30-8-331 30-8-331 Delivery](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-331.md)
- [Mont. Code Ann. § 30-8-332 30-8-332 Rights of purchaser](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-332.md)
- [Mont. Code Ann. § 30-8-333 30-8-333 Protected purchaser](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-333.md)
- [Mont. Code Ann. § 30-8-334 30-8-334 Indorsement](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-334.md)
- [Mont. Code Ann. § 30-8-335 30-8-335 Instruction](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-335.md)
- [Mont. Code Ann. § 30-8-336 30-8-336 Effect of guaranteeing signature, indorsement, or instruction](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-336.md)
- [Mont. Code Ann. § 30-8-337 30-8-337 Purchaser's right to requisites for registration of transfer](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-337.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-331. Check the current official text before relying on it. Not legal advice.