Montana Title 15. Taxation § 15-30-2537. Definitions

(1) “Mineral” has the meaning provided in 15-38-103.

(2) “Publicly traded partnership” means a publicly traded partnership, as defined in section 7704 of the Internal Revenue Code, 26 U.S.C. 7704, that is not treated as a corporation.

(3) “Remitter” means an individual, entity, or trust that makes royalty payments to royalty owners.

(4) “Royalty owner” means a person or entity entitled to receive periodic payments for a nonworking interest in the production of oil or gas or in the severance of other minerals from the mineral estate.