Montana § 33-27-117 - Deduction Of Costs
Full text of Montana Montana Code Annotated § 33-27-117 — Deduction Of Costs, with citation guidance and answers to common questions.
§ 33-27-117. Deduction Of Costs
Deduction of costs. (1) The actual costs of administering an independent liability fund may be deducted from the fund or from income arising out of the money, assets, and investments in the fund. Such costs include the cost of defending against or negotiating a settlement of any liability claim, as well as the full amount of any claim paid. (2) A small business may not deduct the cost of any in-house administration of its independent liability fund. The commissioner may review any third-party arrangement for administration of an independent liability fund to ascertain whether such costs are deductible under this section.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 33-27-117
What does Montana Code Annotated § 33-27-117 cover?
Section 33-27-117 ("Deduction Of Costs") 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 § 33-27-117?
A common citation format is "Montana Code Annotated § 33-27-117" (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 § 33-27-117 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.