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Montana Title 30. Trade and Commerce § 30-10-903. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

As used in this part, unless the context requires otherwise, the following definitions apply:

(1)(a) “Living trust” means either an irrevocable or a revocable inter vivos trust.

(b) The term does not include an account with a POD designation, as defined in 72-6-201.

(2) “Offer” or “offer to sell” includes an attempt or offer to dispose of a living trust for value or a solicitation of an offer to buy a living trust for value.

(3) “Person” means an individual, corporation, partnership, association, joint-stock company, or unincorporated organization.

(4) “Sale” includes each contract of sale, contract to sell, or disposition of a living trust for value.

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Cite this article: FindLaw.com - Montana Title 30. Trade and Commerce § 30-10-903. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-30-trade-and-commerce/mt-st-30-10-903/

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