33-27-102. Purpose. The purpose of 15-30-2118, 15-31-117, 15-31-118, and this chapter is to create a means by which small businesses operating in Montana may establish independent liability funds to set aside assets or make investments to meet any liability claims that might be made against the small businesses by third parties.

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Terms Used In Montana Code 33-27-102

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.