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Code · Montana · Title 35 — Corporations, Partnerships, and Associations · Chapter 17 · Part 1

35-17-103. Definitions -- associations as for-profit or not-for-profit entities.

134 words·~1 min read·/mt/title-35/chapter-17/part-1/35-17-103·

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35-17-103 . Definitions -- associations as for-profit or not-for-profit entities.
(1)The term "agricultural products" includes horticultural, viticultural, forestry, dairy, livestock, poultry, bee, and any farm products.
(2)The term "association" means any corporation organized under this chapter to include an out-of-state entity if it is authorized to transact business in the state that otherwise complies with the requirements of this chapter.
(3)The term "member" means a person who has been qualified and accepted for membership in an association.
(4)The term "out-of-state", with respect to an entity under this chapter, means an entity governed by the law of a jurisdiction other than this state, including a federally recognized Indian tribe.
(5)The term "person" includes individuals, firms, partnerships, corporations, and associations.
(6)Associations organized under this chapter may be for-profit or not-for-profit.
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