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

Montana Statutes

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

Montana § 15-31-703

Title 15TAXATION

Ch. 31CORPORATE INCOME TAX OR ALTERNATIVE CORPORATE INCOME TAX

Part 7Bank, Moneyed Capital, and Shares Exempt

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Bluebook

Mont. Code Ann. § 15-31-703 (2026).

Text

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.

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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.