Montana § 72-2-1005 Exclusions From Statutory Rule Against Perpetuities

Montana Statutes

§ 72-2-1005 — Exclusions From Statutory Rule Against Perpetuities

Montana § 72-2-1005

Title 72ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

Ch. 2UPC -- INTESTACY, WILLS, AND DONATIVE TRANSFERS

Part 10Uniform Statutory Rule Against Perpetuities -- Honorary Trusts

This text of Montana § 72-2-1005 (Exclusions From Statutory Rule Against Perpetuities) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 72-2-1005 (2026).

Text

72-2-1005 . Exclusions from statutory rule against perpetuities. Section 72-2-1002 does not apply to:

(1)a nonvested property interest or a power of appointment arising out of a nondonative transfer, except a nonvested property interest or a power of appointment arising out of a:

(a)premarital or postmarital agreement;

(b)separation or divorce settlement;

(c)spouse's election;

(d)similar arrangement arising out of a prospective, existing, or previous marital relationship between the parties;

(e)contract to make or not to revoke a will or trust;

(f)contract to exercise or not to exercise a power of appointment;

(g)transfer in satisfaction of a duty of support; or

(h)reciprocal transfer;

(2)a fiduciary's power relating to the administration or management of assets, including the po

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72-2-1005 . Exclusions from statutory rule against perpetuities. Section 72-2-1002 does not apply to:
(1) a nonvested property interest or a power of appointment arising out of a nondonative transfer, except a nonvested property interest or a power of appointment arising out of a:
(a) premarital or postmarital agreement;
(b) separation or divorce settlement;
(c) spouse's election;
(d) similar arrangement arising out of a prospective, existing, or previous marital relationship between the parties;
(e) contract to make or not to revoke a will or trust;
(f) contract to exercise or not to exercise a power of appointment;
(g) transfer in satisfaction of a duty of support; or
(h) reciprocal transfer;
(2) a fiduciary's power relating to the administration or management of assets, including the power of a fiduciary to sell, lease, or mortgage property, and the power of a fiduciary to determine principal and income;
(3) the power to appoint a fiduciary;
(4) a discretionary power of a trustee to distribute principal before termination of a trust to a beneficiary having an indefeasibly vested interest in the income and principal;
(5) a nonvested property interest held by a charity, government, or governmental agency or subdivision if the nonvested property interest is preceded by an interest held by another charity, government, or governmental agency or subdivision;
(6) a nonvested property interest in or a power of appointment with respect to a trust or other property arrangement forming part of a pension, profit-sharing, stock bonus, health, disability, death benefit, income deferral, or other current or deferred benefit plan for one or more employees or independent contractors, or their beneficiaries or spouses, to which contributions are made for the purpose of distributing to or for the benefit of the participants or their beneficiaries or spouses the property, income, or principal in the trust or other property arrangement, except a nonvested property interest or a power of appointment that is created by an election of a participant or a beneficiary or spouse; or
(7) a property interest, power of appointment, or arrangement that was not subject to the common-law rule against perpetuities or is excluded by another statute of this state.