# Mont. Code Ann. § 15-30-2118: 15-30-2118 Taxable liability on termination of independent liability fund

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T15_C30_P21_S15-30-2118

## Section

- **Citation:** Mont. Code Ann. § 15-30-2118
- **Heading:** 15-30-2118 Taxable liability on termination of independent liability fund
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 15 / Chapter 30 / Part 21 / Section 15-30-2118

## Text

15-30-2118 . Taxable liability on termination of independent liability fund. If an independent liability fund established pursuant to Title 33, chapter 27, is terminated as provided in 33-27-119 , the income from the principal distributed pursuant to 33-27-119 (3) is taxable to that person or persons under the applicable provisions of this chapter.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T15_C30_P21_S15-30-2118. Check the current official text before relying on it. Not legal advice.