Limit on the amount of fund
Known as the Independent Liability Fund Act
The act spans §§ 33–33 (14 sections).
En
The independent liability fund of any small business may not be greater than the larger of the following:
(1) the total of all legally required liability insurance; or
(2) five times the gross sales of the small business in its most recent fiscal year.
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.