Montana § 33-27-103 - Definitions
Full text of Montana Montana Code Annotated § 33-27-103 — Definitions, with citation guidance and answers to common questions.
§ 33-27-103. Definitions
Definitions. As used in 15-30-2118 , 15-31-117 , 15-31-118 , and this chapter, the following definitions apply: (1) "Fiscal year" means the 12-month period used by a particular small business in preparing and filing its Montana individual income tax, corporate income tax, or alternative corporate income tax return. (2) "Independent liability fund" means a collection of money, assets, and investments that has been set aside by a small business to meet the needs of any liability claims, except workers' compensation claims, brought against it by third parties. (3) "Liability claim" means any legal or extralegal action by a third party asserting a right to compensation for a wrong done to it by a small business with an independent liability fund. (4) "Small business" means any commercial or nonprofit enterprise qualified to do business in the state and qualified as a small business under the criteria established by the federal small business administration on April 20, 1987. (5) "Third party" means a person other than an employee or the management of a small business or of a subsidiary or closely related enterprise of a small business.
Frequently Asked Questions About Montana § 33-27-103
What does Montana Code Annotated § 33-27-103 cover?
Section 33-27-103 ("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 § 33-27-103?
A common citation format is "Montana Code Annotated § 33-27-103" (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 § 33-27-103 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.