Montana Code 80-12-102. Definitions
80-12-102. Definitions. (1) As used in this chapter, the following definitions apply:
Terms Used In Montana Code 80-12-102
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Authority: means the department of agriculture provided for in 2-15-3001. See Montana Code 80-12-102
- Bonds: means bonds or bond anticipation notes issued by the authority under the provisions of this chapter. See Montana Code 80-12-102
- Property: means real and personal property. See Montana Code 1-1-205
(a)”Agricultural land” means land actively devoted to agricultural use as defined in 15-7-202.
(b)”Authority” means the department of agriculture provided for in 2-15-3001.
(c)”Bonds” means bonds or bond anticipation notes issued by the authority under the provisions of this chapter.
(2)References to the authority’s property, revenues, or assets apply only to property, revenues, and assets generated by the Montana agricultural loan authority program, not those owned or generated by any other program or property over which the authority exercises general authority, direction, and control.