Terms Used In Montana Code > Title 16 > Chapter 1 - Administration and Taxation of Alcohol

• Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Fiduciary: A trustee, executor, or administrator.
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• 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.
• Markup: The process by which congressional committees and subcommittees debate, amend, and rewrite proposed legislation.
• Oversight: Committee review of the activities of a Federal agency or program.
• Printing: means the act of reproducing a design on a surface by any process. See Montana Code 1-1-203
• Quorum: The number of legislators that must be present to do business.
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.