Montana § 40-4-251 - Definitions
Full text of Montana Montana Code Annotated § 40-4-251 — Definitions, with citation guidance and answers to common questions.
§ 40-4-251. Definitions
Definitions. As used in 40-4-251 through 40-4-258 , the following definitions apply: (1) "Asset" includes but is not limited to any real or personal property of any nature however and whenever acquired, whether the property is tangible or intangible, whether the property is currently existing or contingent, and whether the title is in the name of the husband or wife, or both. (2) "Default judgment" does not include a stipulated judgment or any judgment pursuant to a marital settlement agreement. (3) "Earnings and accumulations" includes income from any source. (4) "Expenses" includes but is not limited to all personal living expenses, but does not include business-related expenses. (5) "Liability" includes but is not limited to any debt or obligation, however and whenever acquired, whether the debt or obligation is currently existing or contingent or is in the name of the husband or wife, or both. (6) "Marital estate" includes all assets and liabilities.
Frequently Asked Questions About Montana § 40-4-251
What does Montana Code Annotated § 40-4-251 cover?
Section 40-4-251 ("Definitions") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 40-4-251?
A common citation format is "Montana Code Annotated § 40-4-251" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 40-4-251 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.