Terms Used In Montana Code > Title 90 > Chapter 9 > Part 1 - General Provisions

• Act: means the Montana Growth Through Agriculture Act. See Montana Code 90-9-103
• Agricultural business: means an enterprise engaged in the production, processing, marketing, distribution, or exporting of agricultural products. See Montana Code 90-9-103
• 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.
• Council: means the Montana agriculture development council established in 2-15-3015. See Montana Code 90-9-103
• Department: means the department of agriculture established in 2-15-3001. See Montana Code 90-9-103
• Educational loan: means a loan made pursuant to a federal loan program, except for a federal parent loan for undergraduate students (PLUS) loan, as provided in 20 U. See Montana Code 90-9-103
• Farmer: means a person who:

  (a)is engaged in agricultural activities, including ranching, at a farm;

  (b)participates in the day-to-day operations of a farm; and

  (c)is the primary owner of an agricultural operation, including an heir, a successor, or an assignee of the operation. See Montana Code 90-9-103

• Federal loan program: has the meaning provided in 20-4-502. See Montana Code 90-9-103
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
• State: means the state of Montana. See Montana Code 90-9-103