Montana Statutes
§ 53-25-111 — Changes In Designated Beneficiary
Montana·Title 53 SOCIAL SERVICES AND INSTITUTIONS·Ch. 25 DISABILITY INDIVIDUAL SAVINGS ACCOUNT PROGRAM·Part 1 Montana Achieving a Better Life Experience Act
53-25-111 . Changes in designated beneficiary.
(1)A designated beneficiary or agent may change the designated beneficiary of an account to an individual who is a member of the family of the former designated beneficiary in accordance with procedures established by the department.
(2)If requested by a designated beneficiary or agent, all or a portion of an account may be transferred through a rollover distribution to another account for which the designated beneficiary is a member of the family of the designated beneficiary of the transferee account.
(3)Changes in designated beneficiaries and rollover distributions under this section are not permitted if the changes or rollover distributions would violate:
(a)the excess contributions provisions adopted by the department; or
(b)the inve
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Legislative History
En. Sec. 8, Ch. 436, L. 2015; amd. Sec. 7, Ch. 433, L. 2019.
Nearby Sections
15
§ 53-25-101
Short Title§ 53-25-102
Purpose§ 53-25-103
Definitions§ 53-25-104
Program Administration -- Rulemaking§ 53-25-106
Through 53-25-108 Reserved§ 53-25-111
Changes In Designated Beneficiary§ 53-25-113
Limitations§ 53-25-114
Through 53-25-116 Reserved§ 53-25-117
Deductions For Contributions§ 53-25-119
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