Montana § 32-7-102 - Definitions
Full text of Montana Montana Code Annotated § 32-7-102 — Definitions, with citation guidance and answers to common questions.
§ 32-7-102. Definitions
Definitions. As used in this part, unless the context requires otherwise, the following definitions apply: (1) "Department" means the department of administration as provided for in Title 2, chapter 15, part 10. (2) "Escrow" means any transaction in which one person, for the purpose of effecting the sale, transfer, encumbrance, or lease of real or personal property to another person or for the purpose of making payments under any encumbrance of the property, delivers any written instrument, money, evidence, title to real or personal property, or other thing of value to a third person to be held by that third person until the happening of a specified event or the performance of a prescribed condition, when the instrument, money, evidence, title, or thing of value is to be delivered by the third person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee, or bailor or to any agents or employees pursuant to the written escrow instructions. (3) "Escrow business" means a commercial activity characterized by the regular and continuous carrying on of escrow transactions. (4) "Licensee" means a person holding a valid license under this part as an escrow business. (5) "Person" means an individual, cooperative, association, company, firm, partnership, corporation, or other legal entity.
Frequently Asked Questions About Montana § 32-7-102
What does Montana Code Annotated § 32-7-102 cover?
Section 32-7-102 ("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 § 32-7-102?
A common citation format is "Montana Code Annotated § 32-7-102" (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 § 32-7-102 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.