Notable party founders include Novak Kilibarda, Matija Bećković, Božidar Bojović, Pavle Milić, Jovan Markuš, Dragan Šoć, Momir Vojvodić and Bogoljub Šijaković.

The People's Party opposed Slobodan Milošević's regime in Serbia and his supporters in Montenegro during the 1990s.

It joined DPS and SDP in 1998 election, and it participated in Government with the two until 2001.

But, when DPS and SDP openly stated that they are proponents of full Montenegrin independence.

After the referendum, the People's Party refused to acknowledge the result due to allegations of irregularities.