Mont. Code Ann. § 15-31-118 — Taxable Liability On Termination Of Independent Liability Fund

15-31-118 . 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.