Montana Code 22-3-503. Definitions
Current as of: 2023 | Check for updates
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22-3-503. Definitions. As used in this part, the following definitions apply:
Terms Used In Montana Code 22-3-503
- 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.
- Property: includes any tangible object, animate or inanimate, that has intrinsic historic, artistic, scientific, or cultural value. See Montana Code 22-3-503
(1)”Loan” means a deposit of property not accompanied by a transfer of title to the property.
(2)”Museum” means an institution located in Montana and operated by a nonprofit corporation or a public agency primarily for educational, scientific, or aesthetic purposes, and that owns, borrows, or cares for and exhibits, studies, or catalogs property.
(3)”Property” includes any tangible object, animate or inanimate, that has intrinsic historic, artistic, scientific, or cultural value.