33-27-102. (Temporary) Purpose. The purpose of 15-30-2118, 15-30-2141, 15-31-117, 15-31-118, and this chapter is to create a means by which small businesses operating in Montana may establish independent liability funds to set aside assets or make investments to meet any liability claims that might be made against the small businesses by third parties.
33-27-102. (Effective January 1, 2024) Purpose. The purpose of 15-30-2118, 15-31-117, 15-31-118, and this chapter is to create a means by which small businesses operating in Montana may establish independent liability funds to set aside assets or make investments to meet any liability claims that might be made against the small businesses by third parties.
History: En. Sec. 2, Ch. 564, L. 1987; amd. Sec. 51, Ch. 503, L. 2021.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 27. Independent Liability Fund
33-27-105. through 33-27-110 reserved
33-27-111. Right to establish independent liability fund
33-27-112. Establishment of independent liability fund
33-27-113. Additions to independent liability fund
33-27-114. Limit on the amount of fund
33-27-115. Composition of independent liability fund
33-27-116. Inviolability of fund
33-27-118. Taxation of independent liability fund contributions