Montana Code > Title 17 > Chapter 3 > Part 10


§ 17-3-1001	State institutions which may take by gift, bequest, or grant — restriction
§ 17-3-1002	Persons who may make gifts to state institutions
§ 17-3-1003	Support of state institutions
§ 17-3-1004	Disbursement of funds

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Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
Bequest: Property gifted by will.
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.
Devise: To gift property by will.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
Property: means real and personal property. See Montana Code 1-1-205
State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201

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