Montana Code > Title 33 > Chapter 27 > Part 1 – General Provisions


§ 33-27-101	Short title
§ 33-27-102	Purpose
§ 33-27-103	Definitions
§ 33-27-104	Rules
§ 33-27-111	Right to establish independent liability fund
§ 33-27-112	Establishment of independent liability fund
§ 33-27-113	Additions to independent liability fund
§ 33-27-114	Limit on the amount of fund
§ 33-27-115	Composition of independent liability fund
§ 33-27-116	Inviolability of fund
§ 33-27-117	Deduction of costs
§ 33-27-118	Taxation of independent liability fund contributions
§ 33-27-119	Termination of independent liability fund

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Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
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
Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}