Montana Statutes
§ 32-1-420 — Investment By Trust Fiduciary In Management Investment Company Or Investment Trust
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 1 BANKS AND TRUST COMPANIES·Part 4 Operation and Regulation
32-1-420 . Investment by trust fiduciary in management investment company or investment trust.
(1)In the absence of an express prohibition in a trust instrument, a trust company fiduciary or the trust division of a financial institution, whether organized under state or federal law, may acquire and retain, invest, and reinvest fiduciary funds in the securities of or other interests in an open-end or closed-end management investment company or investment trust registered under 15 U.S.C. 80a-1 through 80a-64.
(2)The investments authorized in subsection (1) may be made even if the fiduciary or an affiliate of the fiduciary is providing services to a management investment company or investment trust and is receiving compensation as an investment adviser or manager, sponsor, broker, distribut
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Related
§ 80a
15 U.S.C. § 80a
Legislative History
En. Sec. 1, Ch. 289, L. 1993.
Nearby Sections
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