Montana § 15-31-703 Moneyed Capital And Shares Of Banks Exempt

Montana Statutes

§ 15-31-703 — Moneyed Capital And Shares Of Banks Exempt

Montana·Title 15 TAXATION·Ch. 31 CORPORATE INCOME TAX OR ALTERNATIVE CORPORATE INCOME TAX·Part 7 Bank, Moneyed Capital, and Shares Exempt

15-31-703 . Moneyed capital and shares of banks exempt.

(1)Moneyed capital and shares of banks are exempt from taxation.

(2)"Moneyed capital" means money, bonds, notes, and other evidence of indebtedness, including evidence of indebtedness secured by a mortgage on real or personal property, in the hands of individual citizens and corporations coming into competition with the business of national banks or employed in conducting a banking or investment business.

Free access — add to your briefcase to read the full text and ask questions with AI

15-31-703 . Moneyed capital and shares of banks exempt. (1) Moneyed capital and shares of banks are exempt from taxation.
(2) "Moneyed capital" means money, bonds, notes, and other evidence of indebtedness, including evidence of indebtedness secured by a mortgage on real or personal property, in the hands of individual citizens and corporations coming into competition with the business of national banks or employed in conducting a banking or investment business.

Montana § 15-31-703 (Moneyed Capital And Shares Of Banks Exempt) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.