Montana Code 7-2-2102. Apportionment of liabilities and assets upon creation or enlargement of county
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7-2-2102. Apportionment of liabilities and assets upon creation or enlargement of county. (1) Every county which shall be enlarged or created from the territory taken from any other county or counties shall:
Terms Used In Montana Code 7-2-2102
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(a)be liable for a pro rata proportion of the existing debts and liabilities of the county or counties from which such territory shall be taken; and
(b)be entitled to a pro rata proportion of the assets of the county or counties from which such territory is taken.
(2)The share of liabilities and assets shall be determined as provided by 7-2-2204 and 7-2-2244 through 7-2-2246.