Sections
Part 1 Real Property Defined Fixtures and Appurtenances § 70-15-101 – § 70-15-105
Part 2 Classification of Interests in Real Property § 70-15-201 – § 70-15-216
Part 3 Powers § 70-15-301 – § 70-15-304

Terms Used In Montana Code > Title 70 > Chapter 15

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Dependent: A person dependent for support upon another.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Grantor: The person who establishes a trust and places property into it.
  • Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Personal property: means money, goods, chattels, things in action, and evidences of debt. See Montana Code 1-1-205
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Property: means real and personal property. See Montana Code 1-1-205
  • Real property: means lands, tenements, hereditaments, and possessory title to public lands. See Montana Code 1-1-205
  • 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.
  • Testator: A male person who leaves a will at death.