Montana § 72-26-607 Transfer By Obligor

Montana Statutes

§ 72-26-607 — Transfer By Obligor

Montana § 72-26-607

Title 72ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

Ch. 26UNIFORM TRANSFERS TO MINORS ACT

Part 6Manner of Creating Custodial Property and Effecting Transfer

This text of Montana § 72-26-607 (Transfer By Obligor) 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. § 72-26-607 (2026).

Text

72-26-607 . Transfer by obligor.

(1)Subject to subsections (2) and (3), a person not subject to 72-26-605 or 72-26-606 who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to 72-26-603 .

(2)If a person having the right to do so under 72-26-601 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.

(3)If no custodian has been nominated under 72-26-601 or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $10,000 in

Free access — add to your briefcase to read the full text and ask questions with AI

72-26-607 . Transfer by obligor. (1) Subject to subsections (2) and (3), a person not subject to 72-26-605 or 72-26-606 who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to 72-26-603 .
(2) If a person having the right to do so under 72-26-601 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
(3) If no custodian has been nominated under 72-26-601 or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $10,000 in value.

Legislative History

En. Sec. 9, Ch. 102, L. 1985.

Nearby Sections

15

§ 72-26-101

Text

Legislative History

Nearby Sections

Cite This Page — Counsel Stack