Montana Code 15-31-321. Definitions
Current as of: 2023 | Check for updates
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15-31-321. Definitions. As used in 15-31-321 through 15-31-326, unless the context requires otherwise, the following definitions apply:
Terms Used In Montana Code 15-31-321
- 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.
- United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
(1)”Affiliated corporation” means a United States parent corporation and any subsidiary of which more than 50% of the voting stock is owned directly or indirectly by another corporate member of the water’s-edge combined group.
(2)”United States” means the 50 states of the United States, the District of Columbia, and any territory or possession of the United States.
(3)”Water’s-edge combined group” means all corporations or entities included in the election of a taxpayer under 15-31-322.