Montana Code > Title 70 > Chapter 3 > Part 1 – General Provisions
Current as of: 2023 | Check for updates
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Other versions
| § 70-3-101 | Gift defined |
| § 70-3-102 | Gift — how made |
| § 70-3-103 | Gift not revocable |
| § 70-3-104 | Unsolicited goods considered gift |
Terms Used In Montana Code > Title 70 > Chapter 3 > Part 1 - General Provisions
- Donee: The recipient of a gift.
- 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