Definitions
As used in 15-30-2536 through 15-30-2547, the following definitions apply:
(1) "Mineral" has the meaning provided in 15-38-103.
(2) "Publicly traded partnership" means a publicly traded partnership, as defined in section 7704 of the Internal Revenue Code, 26 U.S.C. 7704, that is not treated as a corporation.
(3) "Remitter" means an individual, entity, or trust that makes royalty payments to royalty owners.
(4) "Royalty owner" means a person or entity entitled to receive periodic payments for a nonworking interest in the production of oil or gas or in the severance of other minerals from the mineral estate.
| EnactedEn. SectionSec. 2, ChapterCh. 468, Laws ofL. 2007 (SB 439 - Elliott, Jim (D) SD 7) |
| SectionSec. 15-30-262, Montana Code AnnotatedMCA 2007 |
| RedesignatedRedes. 15-30-2537 by SectionSec. 1, ChapterCh. 147, Laws ofL. 2009 (HB 24 - Morgan, Penny (R) HD 57) |