Montana § 15-30-2118 - Taxable Liability On Termination Of Independent Liability Fund
Full text of Montana Montana Code Annotated § 15-30-2118 — Taxable Liability On Termination Of Independent Liability Fund, with citation guidance and answers to common questions.
§ 15-30-2118. Taxable Liability On Termination Of Independent Liability Fund
Taxable liability on termination of independent liability fund. If an independent liability fund established pursuant to Title 33, chapter 27, is terminated as provided in 33-27-119 , the income from the principal distributed pursuant to 33-27-119 (3) is taxable to that person or persons under the applicable provisions of this chapter.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 15-30-2118
What does Montana Code Annotated § 15-30-2118 cover?
Section 15-30-2118 ("Taxable Liability On Termination Of Independent Liability Fund") 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 § 15-30-2118?
A common citation format is "Montana Code Annotated § 15-30-2118" (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 § 15-30-2118 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.