Montana Code > Title 35 > Chapter 20 > Part 2 – Operations Generally — Trustees of Association
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Terms Used In Montana Code > Title 35 > Chapter 20 > Part 2 - Operations Generally -- Trustees of Association
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Grantor: The person who establishes a trust and places property into it.
- 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.
- Sex: means the organization of the body parts and gametes for reproduction in human beings and other organisms. See Montana Code 1-1-201
- 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
- Trustee: A person or institution holding and administering property in trust.
- Writing: includes printing. See Montana Code 1-1-203