Montana Code 39-3-519. Clarification as to construction and applicability of part
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39-3-519. Clarification as to construction and applicability of part. (1) This part may not be considered as requiring any person, firm, partnership, or corporation to file a bond or bonds if the person or entity pays for all labor in full each day or if the labor has been performed upon a written building or construction contract to furnish material or other consideration as well as labor.
Terms Used In Montana Code 39-3-519
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- 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.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(2)This part does not prohibit the making or entering into of any wage or working agreement, such as grubstake agreements or similar agreements, if the employer or contractor keeps in force proper workers’ compensation insurance.