Montana § 15-68-201 - Nontaxable Transaction Certificate -- Requirements
Full text of Montana Montana Code Annotated § 15-68-201 — Nontaxable Transaction Certificate -- Requirements, with citation guidance and answers to common questions.
§ 15-68-201. Nontaxable Transaction Certificate -- Requirements
Nontaxable transaction certificate -- requirements. (1) A nontaxable transaction certificate executed by a buyer or lessee must be in the possession of the seller or lessor at the time that a nontaxable transaction occurs. (2) A nontaxable transaction certificate must contain the information and be in the form prescribed by the department. (3) Only a buyer or lessee who has registered with the department and whose seller's permit is valid may execute a nontaxable transaction certificate. (4) If the seller or lessor accepts a nontaxable transaction certificate within the required time and believes in good faith that the buyer or lessee will employ the property or service transferred in a nontaxable manner, the properly executed nontaxable transaction certificate is considered conclusive evidence that the sale is nontaxable.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 15-68-201
What does Montana Code Annotated § 15-68-201 cover?
Section 15-68-201 ("Nontaxable Transaction Certificate -- Requirements") 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 § 15-68-201?
A common citation format is "Montana Code Annotated § 15-68-201" (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 § 15-68-201 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.