Montana Code > Title 33 > Chapter 3 > Part 3 – Management
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Terms Used In Montana Code > Title 33 > Chapter 3 > Part 3 - Management
- Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Customary: means according to usage. See Montana Code 1-1-206
- Fiduciary: A trustee, executor, or administrator.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- 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
- Quorum: The number of legislators that must be present to do business.
- Security: has the meaning provided in 30-8-112. See Montana Code 33-3-451
- 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
- Usual: means according to usage. See Montana Code 1-1-206
- Writing: includes printing. See Montana Code 1-1-203