Montana Code 2-17-1202. Definitions
2-17-1202. Definitions. As used in this part, unless the context clearly indicates otherwise, the following definitions apply:
Terms Used In Montana Code 2-17-1202
- Building: has the meaning given in 18-2-101. See Montana Code 2-17-1202
- 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.
- Financial institution: means a bank as defined in 32-1-102 or other regulated lender as defined in 31-1-111(1) and (2). See Montana Code 2-17-1202
- Public agency: means a department, commission, council, board, bureau, committee, institution, agency, government corporation, or other entity, instrumentality, or official of the legislative, executive, or judicial branch of this state, including the board of regents and the Montana university system. See Montana Code 2-17-1202
- 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
(1)”Building” has the meaning given in 18-2-101.
(2)”Financial institution” means a bank as defined in 32-1-102 or other regulated lender as defined in 31-1-111(1) and (2).
(3)”Physical branch” means a physical location of a financial institution that accepts deposits from Montana citizens and businesses.
(4)”Public agency” means a department, commission, council, board, bureau, committee, institution, agency, government corporation, or other entity, instrumentality, or official of the legislative, executive, or judicial branch of this state, including the board of regents and the Montana university system.
(5)(a) “State building construction loan” means a loan from a financial institution to a public agency to finance construction of one or more buildings of the public agency, obtained pursuant to the terms and conditions of this part.
(b)The term does not include any bonds, notes or other obligations issued by public agencies, or loans obtained by public agencies, to finance construction of buildings or otherwise, that are sold or obtained pursuant to other provisions of state law.