15-64-1001. Definitions. As used in this part, the following definitions apply:

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Terms Used In Montana Code 15-64-1001

  • 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.
  • Department: means the department of revenue provided for in 2-15-1301. See Montana Code 15-64-1001
  • 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.

(1)”Department” means the department of revenue provided for in 2-15-1301.

(2)”Opioid” has the meaning provided for “opiate” in 50-32-101.

(3)”Person” means an individual, firm, partnership, corporation, association, company, committee, other group of persons, or other business entity, however formed, who is a wholesaler licensed by the board of pharmacy and who is a distributor of opioids.