30-10-903. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:
(1) (a) "Living trust" means either an irrevocable or a revocable inter vivos trust.
(b) The term does not include an account with a POD designation, as defined in 72-6-201.
(2) "Offer" or "offer to sell" includes an attempt or offer to dispose of a living trust for value or a solicitation of an offer to buy a living trust for value.
(3) "Person" means an individual, corporation, partnership, association, joint-stock company, or unincorporated organization.
(4) "Sale" includes each contract of sale, contract to sell, or disposition of a living trust for value.
History: En. Sec. 3, Ch. 348, L. 1997.
Structure Montana Code Annotated
Chapter 10. Securities Regulation
Part 9. Montana Living Trust Act
30-10-904. Licensure -- exemption
30-10-907. Fines and fees -- deposit to general fund
30-10-908. Consent to service of process -- manner of service
30-10-909. Fraudulent and other prohibited practices
30-10-911. Unlawful representation concerning approval of application
30-10-912. Investigations and subpoenas
30-10-913. Injunctions and other remedies -- limitations on actions -- criminal sanctions