Terms Used In Montana Code > Title 15 > Chapter 30 > Part 37 - Montana Entrepreneur Magnet Act

• Capital stock: means voting or nonvoting common or preferred stock acquired as the result of employment or service as an employee or director with a corporation. See Montana Code 15-30-3702
• Corporation: means a corporation, as defined in 15-30-2101, including a unitary business, as described in 15-31-301. See Montana Code 15-30-3702
• 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.
• Net long-term capital gain: has the meaning provided in section 1222(7) of the Internal Revenue Code, 26 U. See Montana Code 15-30-3702
• Predecessor or successor corporation: means a corporation that was party to a reorganization that was entirely or substantially tax-free and that occurred during or after the employment of an individual claiming the rate under 15-30-3704. See Montana Code 15-30-3702
• 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