15-1-102. Person defined. As used in this title (except chapters 30 and 31), unless the context indicates otherwise, the term “person” means an individual, corporation (domestic or foreign), partnership, association, joint-stock company, or syndicate.

Terms Used In Montana Code 15-1-102

  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.