Montana Code 15-30-2118. Taxable liability on termination of independent liability fund
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15-30-2118. Taxable liability on termination of independent liability fund. If an independent liability fund established pursuant to Title 33, chapter 27, is terminated as provided in 33-27-119, the income from the principal distributed pursuant to 33-27-119(3) is taxable to that person or persons under the applicable provisions of this chapter.
Terms Used In Montana Code 15-30-2118
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201