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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) “Finance company” or “finance agency” means a person, firm, association, corporation, or other organization engaged in the business of buying, selling, assigning, dealing, financing, or acquiring conditional contracts of sale or engaged in the business of purchasing or acquiring promissory notes or any other form or evidences of indebtedness of sale, either secured by vendor's lien, conditional bill of sale, chattel mortgage, or leases arising out of the sale of motor vehicles in this state.
(2) The term “manufacturer” means a person, firm, corporation, partnership, or association engaged either directly or indirectly in the manufacture or wholesale distribution of motor vehicles.
(3) The term “motor vehicle”, as used in this part, includes a personal watercraft as defined in 23-2-502, a snowmobile as defined in 23-2-601, and an off-highway vehicle as defined in 23-2-801.
(4) The terms “sell”, “sold”, “buy”, and “purchase”, as used in this part, include exchange, barter, gift, and offer or contract to sell or buy.
(5) The term “wholesale distributor” means a person, firm, association, corporation, or other organization engaged directly or indirectly in the sale or distribution of motor vehicles to agents or to dealers.
Cite this article: FindLaw.com - Montana Title 61. Motor Vehicles § 61-4-402. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-61-motor-vehicles/mt-st-61-4-402/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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