Montana § 71-1-303 - Definitions
Full text of Montana Montana Code Annotated § 71-1-303 — Definitions, with citation guidance and answers to common questions.
§ 71-1-303. Definitions
Definitions. As used in this part, unless the context requires otherwise, the following definitions apply: (1) "Beneficiary" means the person named or otherwise designated in a trust indenture as the person for whose benefit a trust indenture is given or the person's successor in interest, who may not be the trustee. (2) "Grantor" means the person conveying real property by a trust indenture as security for the performance of an obligation. (3) "Servicer" means a person who collects loan payments on behalf of a beneficiary. (4) (a) "Title insurance producer" means a person who holds a valid title insurance producer's license and is authorized in writing by a title insurer to: (i) solicit title insurance business; (ii) collect rates; (iii) determine insurability in accordance with underwriting rules and standards of the insurer; or (iv) issue policies of the title insurer. (b) Title insurance producer does not include an approved attorney. (5) "Title insurer" means an insurer formed and authorized under the laws of this state to transact the business of title insurance in this state or a foreign or alien insurer authorized to transact title insurance in this state. (6) "Trust indenture" means an indenture executed in conformity with this part and conveying real property to a trustee in trust to secure the performance of an obligation of the grantor or other person named in the indenture to a beneficiary. (7) "Trustee" means a person to whom the legal title to real property is conveyed by a trust indenture or the person's successor in interest.
Frequently Asked Questions About Montana § 71-1-303
What does Montana Code Annotated § 71-1-303 cover?
Section 71-1-303 ("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 § 71-1-303?
A common citation format is "Montana Code Annotated § 71-1-303" (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 § 71-1-303 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.