Montana Code 72-31-101. Oath in behalf of corporation acting as fiduciary
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72-31-101. Oath in behalf of corporation acting as fiduciary. In all matters in which a corporation is authorized to act as trustee, guardian, executor, administrator, or in any fiduciary capacity and an oath of office is required, it is proper for an officer of the corporation to take the required oath for and on behalf of the officer’s corporation and the corporation becomes subject to the laws relating to individuals in similar matters so far as those laws may be applied to a corporation.
Terms Used In Montana Code 72-31-101
- 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.
- Executor: A male person named in a will to carry out the decedent
- Fiduciary: A trustee, executor, or administrator.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Oath: A promise to tell the truth.
- Oath: includes an affirmation or declaration. See Montana Code 1-1-201
- Trustee: A person or institution holding and administering property in trust.