Montana Statutes
§ 32-1-708 — Limited Application Of Insurance Law -- Exemption
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 1 BANKS AND TRUST COMPANIES·Part 7 Uniform Common Trust Act
32-1-708 . Limited application of insurance law -- exemption.
(1)Nothing in this part exempts a common trust fund or any fiduciary thereof from the requirements of Title 33 if such common trust fund or fiduciary is used for insurance purposes.
(2)The establishment and maintenance of common trust funds under this part are exempt from the provisions of Title 30, chapter 10.
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Legislative History
En. Sec. 4, Ch. 213, L. 1981.
Nearby Sections
15
§ 32-1-1001
Definition Of Foreign Trust Company§ 32-1-1002
Appointment Of Foreign Trust Companies§ 32-1-1004
Service Of Process§ 32-1-1005
Bond§ 32-1-1006
Rights And Duties§ 32-1-1007
Solicitation Of Business§ 32-1-101
Short Title -- Application -- Purpose§ 32-1-103
Repealed§ 32-1-105
Commercial Bank Defined§ 32-1-106
Savings Bank Defined