This bill aims to revise existing laws concerning the recognition of foreign business entities by including those formed under the laws of federally recognized Indian tribes. It seeks to ensure that these entities are acknowledged in the same manner as other foreign business entities, thereby facilitating their operations and transactions within the state.

Additionally, the bill introduces a fee for recording certain transactions with the Secretary of State that occur within an Indian reservation, under specific circumstances. It amends several sections of the Montana Code Annotated (MCA), specifically sections 30-9A-525, 35-14-125, 35-14-140, and 35-14-403, to reflect these changes and establishes an immediate effective date for the new provisions.

Statutes affected:
HB0477_1.pdf: 30-9A-525, 35-14-125, 35-14-140, 35-14-403
HB0477_2.pdf: 30-9A-525, 35-14-125, 35-14-140, 35-14-403
Amended: 30-9A-525, 35-14-125, 35-14-140, 35-14-403
Introduced: 30-9A-525, 35-14-125, 35-14-140, 35-14-403