Montana § 19-20-1009 Payment To Minor Child -- Opportunity To Name Custodian

Montana Statutes

§ 19-20-1009 — Payment To Minor Child -- Opportunity To Name Custodian

Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 20 TEACHERS' RETIREMENT·Part 10 Death Benefits

19-20-1009 . Payment to minor child -- opportunity to name custodian.

(1)The retirement system may not make a payment directly to an individual who is less than 21 years of age.

(2)The retirement system shall make a payment to which a minor child is entitled by making the payment to an entity or adult designated as a custodian for the minor child pursuant to the Montana Uniform Transfers to Minors Act or to a person or entity designated by court order as legal guardian or conservator for the minor child.

(3)If a custodian for the child has not been designated, the retirement system shall withhold payment of any amount until the minor child attains 21 years of age or until a court order of guardianship or conservatorship is issued on behalf of the child.

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19-20-1009 . Payment to minor child -- opportunity to name custodian. (1) The retirement system may not make a payment directly to an individual who is less than 21 years of age.
(2) The retirement system shall make a payment to which a minor child is entitled by making the payment to an entity or adult designated as a custodian for the minor child pursuant to the Montana Uniform Transfers to Minors Act or to a person or entity designated by court order as legal guardian or conservator for the minor child.
(3) If a custodian for the child has not been designated, the retirement system shall withhold payment of any amount until the minor child attains 21 years of age or until a court order of guardianship or conservatorship is issued on behalf of the child.

Montana § 19-20-1009 (Payment To Minor Child -- Opportunity To Name Custodian) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.