Montana § 20-25-308 Prohibition On Transfer To Foundation

Montana Statutes

§ 20-25-308 — Prohibition On Transfer To Foundation

Montana § 20-25-308

Title 20EDUCATION

Ch. 25UNIVERSITY SYSTEM

Part 3Administration of University System

This text of Montana § 20-25-308 (Prohibition On Transfer To Foundation) 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. § 20-25-308 (2026).

Text

20-25-308 . Prohibition on transfer to foundation. In order to implement the provisions of Article VIII, section 12, of the Montana constitution, ownership of the following may not be transferred to a nonprofit corporation or foundation established for the benefit of a unit of the university system unless full market value is received for the transfer and laws applicable to the disposition of property are followed:

(1)money in the higher education funds provided for in 17-2-102 ;

(2)excess proceeds of money borrowed pursuant to 20-25-402 ; and

(3)except as provided in 20-25-309 , real or personal property acquired with money listed in subsection (1) or proceeds listed in subsection (2).

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20-25-308 . Prohibition on transfer to foundation. In order to implement the provisions of Article VIII, section 12, of the Montana constitution, ownership of the following may not be transferred to a nonprofit corporation or foundation established for the benefit of a unit of the university system unless full market value is received for the transfer and laws applicable to the disposition of property are followed:
(1) money in the higher education funds provided for in 17-2-102 ;
(2) excess proceeds of money borrowed pursuant to 20-25-402 ; and
(3) except as provided in 20-25-309 , real or personal property acquired with money listed in subsection (1) or proceeds listed in subsection (2).

Legislative History

En. Sec. 1, Ch. 371, L. 1995; amd. Sec. 6, Ch. 478, L. 1995; amd. sec. 36, Ch. 308, L. 1995; amd. Sec. 33, Ch. 130, L. 2005; amd. Sec. 3, Ch. 419, L. 2007.