Terms Used In Montana Code > Title 67 > Chapter 10 - Municipal Airports

• Airport: means an airport, as defined in 67-1-101, that does not have commercial automobile rental services available. See Montana Code 67-10-902
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Courtesy car: means a motor vehicle provided by, and titled in the name of, a municipality or third party for the purposes of and pursuant to the conditions set out in this part. See Montana Code 67-10-902
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Devise: To gift property by will.
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Joint resolution: A legislative measure which requires the approval of both chambers.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. ^{Source: OCC}
• Several: means two or more. See Montana Code 1-1-201
• 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
• United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
• User: means an airplane pilot or an airplane passenger who flies into an airport. See Montana Code 67-10-902