Montana Code 72-38-820. Definitions
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72-38-820. Definitions. As used in 72-38-820 through 72-38-826, the following definitions apply:
Terms Used In Montana Code 72-38-820
- Charitable trust: means a trust or portion of a trust created for a charitable purpose described in 72-38-405(1). See Montana Code 72-38-103
(1)”Charitable trust” means a charitable trust as described in section 4947(a)(1) of the Internal Revenue Code.
(2)”Private foundation” means a private foundation as defined in section 509 of the Internal Revenue Code.
(3)”Split-interest trust” means a split-interest trust as described in section 4947(a)(2) of the Internal Revenue Code.