Montana Code 30-13-201. Definitions
30-13-201. Definitions. As used in this part, the following definitions apply:
Terms Used In Montana Code 30-13-201
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: means any individual, partnership, corporation, limited partnership, limited liability company, limited liability partnership, or other association. See Montana Code 30-13-201
(1)”Assumed business name” means any business name other than the full, true, and correct name of a person.
(2)”Business name identifier” means a word or words used by a business entity in its name or title that describes the type or form of its business. Business name identifiers include but are not limited to corporation, partnership, limited partnership, limited liability company, limited liability partnership, association, and abbreviations of those terms.
(3)”Person” means any individual, partnership, corporation, limited partnership, limited liability company, limited liability partnership, or other association.