Montana § 71-3-1602 - Definitions
Full text of Montana Montana Code Annotated § 71-3-1602 — Definitions, with citation guidance and answers to common questions.
§ 71-3-1602. Definitions
Definitions. As used in this part, the following definitions apply: (1) "First purchaser" means the first person who under contract purchases oil or gas from an interest owner at or after the time the oil or gas is severed. (2) "Interest owner" means a person: (a) who owns an entire or a fractional interest of any kind or nature in the oil or gas at the time it is severed; or (b) who has a right, either express or implied, to receive a monetary payment determined by the value of the severed oil or gas. (3) "Leasehold" means a tenant's leasehold interest, as defined in 30-2A-103 , in property on which the oil or gas well is located. (4) "Operator" means any person engaged in the severance of oil or gas on the operator's own behalf, on behalf of the operator and other persons, or on behalf of other persons. (5) "Person" means any individual, executor, administrator, agent, trustee, or receiver or an estate, institution, business trust, trust of any other kind, firm, corporation, partnership, cooperative, limited liability company, limited liability partnership, sole proprietorship, government agency, association, or any other group acting as a unit. (6) "Purchaser" means a person who under contract purchases oil or gas from a first purchaser. (7) "Severed" or "severance" means the taking, extraction, or production from the leasehold of oil or gas in any manner.
Frequently Asked Questions About Montana § 71-3-1602
What does Montana Code Annotated § 71-3-1602 cover?
Section 71-3-1602 ("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 § 71-3-1602?
A common citation format is "Montana Code Annotated § 71-3-1602" (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 § 71-3-1602 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.