Mont. Code Ann. » TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · CHAPTER 5. BUSINESS TRUSTS · Part 1. General
Montana Code Annotated

Mont. Code Ann. § 35-5-101 (2026)

Definition Of Business Trust

✓ current as of May 2026
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  1. MCA Contents
  2. TITLE 35
  3. CHAPTER 5
  4. Part 1
  5. 35-5-101 Definition of business trust

TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 5. BUSINESS TRUSTS

Part 1. General

Definition Of Business Trust

35-5-101. Definition of business trust. In this chapter, unless the context otherwise requires, "business trust" means an unincorporated association or trust of the type which at common law was known as a "business trust" or "Massachusetts trust", created by an instrument under which property is held and managed by trustees for the benefit and profit of such persons as are or may become the holders of transferable certificates evidencing beneficial interests in the trust estate.

History: En. Sec. 1, Ch. 277, L. 1967; R.C.M. 1947, 15-2501.

Notes of Decisions
Cited in 1 case, 2000–2000 · leading case: Ruby Mountain Trust v. Dep't of Revenue, 2000 MT 166 (Mont. 2000).
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Ruby Mountain Trust v. Dep't of Revenue, 2000 MT 166 (Mont. 2000). · cites it 2× “See also § 35-5-101, MCA (defining a “business trust” under Title 35 of the Montana Code applicable to corporations, partnerships, and associations).”
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