Montana § 31-4-118 - Exemptions
Full text of Montana Montana Code Annotated § 31-4-118 — Exemptions, with citation guidance and answers to common questions.
§ 31-4-118. Exemptions
Exemptions. This part does not apply to the following: (1) a nonprofit entity that is exempt from federal income taxation under section 501(c)(3) of the Internal Revenue Code or a nonprofit entity that provides litigation financing, funding, or money to a legal representative to represent a consumer on a pro bono basis, provided that the nonprofit entity does not receive in consideration for the litigation financing the payment of interest, fees, or other consideration in excess of the amount of attorney fees and litigation expenses incurred in conjunction with or in pursuit of the legal claim; (2) any litigation financing provided by an entity engaged in commerce or business activity, but only if the entity does not: (a) charge or collect any interest, fees, or other consideration; (b) retain or receive any financial interest in the outcome of the legal claim; or (c) receive any right to recovery or payment from the amount of any judgment, award, settlement, verdict, or other form of monetary relief obtained in conjunction with or in pursuit of the legal claim; or (3) a regulated lender that does not receive, in consideration for loaning money to any person, a right to receive payment from the value of any proceeds or other consideration realized from any judgment award, settlement, verdict, or other form of monetary relief any person may receive or recover in conjunction with or in pursuit of the legal claim.
Frequently Asked Questions About Montana § 31-4-118
What does Montana Code Annotated § 31-4-118 cover?
Section 31-4-118 ("Exemptions") 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 § 31-4-118?
A common citation format is "Montana Code Annotated § 31-4-118" (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 § 31-4-118 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.