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Montana Statutes, Title 72

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Montana/Statutes

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Title 72

34 chapters · 933 sections in this title.

All chapters in Title 72933 Ch 3, UPC -- PROBATE AND ADMINISTRATION153 Ch 38, MONTANA UNIFORM TRUST CODE133 Ch 2, UPC -- INTESTACY, WILLS, AND DONATIV…111 Ch 5, UPC -- PERSONS UNDER DISABILITY GUAR…104 Ch 31, MISCELLANEOUS PROVISIONS RELATING TO…65 Ch 6, NONPROBATE TRANSFERS ON DEATH50 Ch 7, UNIFORM POWERS OF APPOINTMENT ACT38 Ch 16, ESTATE AND GENERATION-SKIPPING TAXES33 Ch 34, PRINCIPAL AND INCOME33 Ch 39, UNIFORM TRUST DECANTING ACT30 Ch 15, PUBLIC ADMINISTRATOR27 Ch 1, UNIFORM PROBATE CODE GENERAL PROVISIONS24 Ch 26, UNIFORM TRANSFERS TO MINORS ACT24 Ch 17, ANATOMICAL GIFT ACT22

13 sections·Filtered byTitle 72✕Ch 30✕

Mont. Code Ann. § 72-30-101 Short Title
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This chapter may be cited as the "Uniform Prudent Management of Institutional Funds Act".
Mont. Code Ann. § 72-30-102 Definitions
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In this chapter, the following definitions apply: (1) "Charitable purpose" means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose the achievement of which is beneficial to the c…
Mont. Code Ann. § 72-30-103 Uniformity Of Application And Construction
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In applying and construing this chapter, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among those states that enact it.
Mont. Code Ann. § 72-30-207 Release Or Modification Of Restrictions On Management, Investment, Or Purpose
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(1) If the donor consents in a record, an institution may release or modify, in whole or in part, a restriction contained in a gift instrument or instrument of donor intent on the management, investment, or purpose of an institutional fund. A release or modification may not allow…

Mont. Code Ann. § 72-30-208 Standard Of Conduct In Managing And Investing Institutional Fund

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(1) Subject to the intent of a donor expressed in a gift instrument or instrument of donor intent, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund. (2) In additio…

Mont. Code Ann. § 72-30-209 Appropriation For Expenditure Or Accumulation Of Endowment Fund -- Rules Of Construction

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(1) Subject to the intent of a donor expressed in the gift instrument or instrument of donor intent and to subsection (4), an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, pu…

Mont. Code Ann. § 72-30-210 Delegation Of Management And Investment Functions

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(1) Subject to any specific limitation set forth in a gift instrument, in an instrument of donor intent, or in law other than this chapter, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution co…

Mont. Code Ann. § 72-30-211 Reviewing Compliance

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Compliance with this chapter is determined in light of the facts and circumstances existing at the time a decision is made or action is taken and not by hindsight.

Mont. Code Ann. § 72-30-212 Application To Existing Institutional Funds

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This chapter applies to institutional funds existing on or established after October 1, 2007. As applied to institutional funds existing on October 1, 2007, this chapter governs only decisions made or actions taken on or after that date.

Mont. Code Ann. § 72-30-213 Relation To Electronic Signatures In Global And National Commerce Act

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This chapter modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. 7001, et seq., but does not modify, limit, or supersede section 101(c) of that act, 15 U.S.C. 7001(c), or authorize electronic delivery of any of the notices des…

Mont. Code Ann. § 72-30-301 Short Title -- Purpose

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(1) This part may be cited as the "Safeguarding Endowment Gifts Act". (2) This part is necessary to provide legal recourse to individual charitable donors when their giving restrictions are not followed by a recipient charitable organization according to an endowment agreement.

Mont. Code Ann. § 72-30-302 Definitions

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For the purposes of this part, the following definitions apply: (1) "Charitable organization" means an organization arranged and operated exclusively for religious, charitable, scientific, literary, educational, or other specified purposes or for testing for public safety and tha…

Mont. Code Ann. § 72-30-303 Protections Afforded

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(1) Except where specifically required or authorized by federal or state law, a charitable organization that accepts a contribution pursuant to a written donor-imposed restriction may not violate the terms of that restriction without potential penalty. (2) If a charitable organiz…