Montana Code 60-11-112. Definitions
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60-11-112. Definitions. As used in 60-11-111, the following definitions apply:
Terms Used In Montana Code 60-11-112
- 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.
(1)”Railbed” means the fee or lessor interest in the land 8.5 feet to either side of the centerline of the railroad track.
(2)”Recreational interest” means a local government or a not-for-profit corporation that has as its stated purpose the development, use, or maintenance of public recreational trails.