Montana § 23-5-221 - Definition
Full text of Montana Montana Code Annotated § 23-5-221 — Definition, with citation guidance and answers to common questions.
§ 23-5-221. Definition
Definition. As used in this part, "Calcutta pool" means a form of auction pool conducted by an organization authorized by the department. The Calcutta pool must be an auction pool in which: (1) a person's wager is equal to the person's bid; (2) the proceeds from the pool, minus administrative costs and prizes paid, are contributed to a charitable or nonprofit corporation, association, or cause; (3) the rules of the pool are publicly posted; (4) no more than one wager for each competitor is allowed; (5) at least 50% of the total pool is paid out in prizes; (6) persons may not bid or wager money on any elementary school or high school sports event; and (7) the underlying event has more than two entrants.
Frequently Asked Questions About Montana § 23-5-221
What does Montana Code Annotated § 23-5-221 cover?
Section 23-5-221 ("Definition") 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 § 23-5-221?
A common citation format is "Montana Code Annotated § 23-5-221" (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 § 23-5-221 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.