Terms Used In Montana Code 30-22-101

• 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.
• Nonferrous metal: means metal and metal alloys not containing significant quantities of iron or steel, including but not limited to:

  (a)copper;

  (b)brass;

  (c)aluminum, other than aluminum cans;

  (d)bronze;

  (e)lead;

  (f)zinc;

  (g)nickel;

  (h)stainless steel, including stainless steel beer kegs; and

  (i)precious metals, including catalytic converters and their component parts and materials. See Montana Code 30-22-101

• 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 an individual, partnership, corporation, joint venture, trust, association, or any other legal entity. See Montana Code 30-22-101
• Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
• Salvage metal dealer: means a person who is engaged in the business of paying, trading, recycling, or bartering for or collecting nonferrous metals that have served their original economic purpose, whether or not the person is engaged in the business of performing the manufacturing process by which ferrous metals or nonferrous metals are converted into raw material products consisting of prepared grades and having an existing or potential economic value. See Montana Code 30-22-101