Montana Statutes
§ 19-20-503 — Forfeiture Of Unclaimed Account Balances Or Benefits
Montana § 19-20-503
JurisdictionMontana
Title 19PUBLIC RETIREMENT SYSTEMS
Ch. 20TEACHERS' RETIREMENT
Part 5Management of Funds
This text of Montana § 19-20-503 (Forfeiture Of Unclaimed Account Balances Or Benefits) 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. § 19-20-503 (2026).
Text
19-20-503 . Forfeiture of unclaimed account balances or benefits.
(1)A benefit or refund of the member's account balance must be claimed within 5 years after the date of the member's death.
(2)If the benefit or refund is not claimed within the time provided in subsection (1), the member's account balance is forfeited and reverts to the pension trust fund.
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Legislative History
En. 75-6206 by Sec. 101, Ch. 5, L. 1971; amd. Sec. 2, Ch. 507, L. 1973; amd. Sec. 98, Ch. 326, L. 1974; amd. Sec. 3, Ch. 127, L. 1977; amd. Sec. 3, Ch. 331, L. 1977; R.C.M. 1947, 75-6206(6); Sec. 19-4-503 , MCA 1991; redes. 19-20-503 by Code Commissioner, 1993; amd. Sec. 11, Ch. 442, L. 1997; amd. Sec. 9, Ch. 90, L. 2007; amd. Sec. 4, Ch. 276, L. 2019.
Nearby Sections
15
§ 19-20-1002
Payments On Death Of Retiree§ 19-20-1003
Payment Of Death Benefits§ 19-20-1004
Compliance With Federal Act§ 19-20-1005
Alternate Beneficiaries§ 19-20-1008
Changes To Beneficiary Designations -- Limitations On Changing Spouse Beneficiary Interest§ 19-20-101
Definitions§ 19-20-1010
Through 19-20-1012 Reserved§ 19-20-1013
Supremacy Of Retirement System Provisions§ 19-20-102
Retirement System -- Policy§ 19-20-103
Implied Consent Of Employee§ 19-20-104
Guarantee By StateCite This Page — Counsel Stack
Bluebook (online)
Montana § 19-20-503, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/20/19-20-503.