Terms Used In Montana Code > Title 33 > Chapter 5 > Part 2 - Formation

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Attorney: as used in this chapter , refers to the attorney-in-fact of a reciprocal insurer. See Montana Code 33-5-104
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
• State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201