Montana § 72-38-822 Restrictions On Trustees Under Charitable Trust, Private Foundations, Or Split-Interest Trust

Montana Statutes

§ 72-38-822 — Restrictions On Trustees Under Charitable Trust, Private Foundations, Or Split-Interest Trust

Montana § 72-38-822

Title 72ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

Ch. 38MONTANA UNIFORM TRUST CODE

Part 8Duties and Powers of Trustee

This text of Montana § 72-38-822 (Restrictions On Trustees Under Charitable Trust, Private Foundations, Or Split-Interest Trust) 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. § 72-38-822 (2026).

Text

72-38-822 . Restrictions on trustees under charitable trust, private foundations, or split-interest trust. During any period when a trust is considered to be a charitable trust, a private foundation, or a split-interest trust, the trustee may not do any of the following:

(1)engage in any act of self-dealing as defined in section 4941(d) of the Internal Revenue Code;

(2)retain any excess business holdings as defined in section 4943(c) of the Internal Revenue Code;

(3)make any investments in a manner that subjects the property of the trust to tax under section 4944 of the Internal Revenue Code; or

(4)make any taxable expenditure as defined in section 4945(d) of the Internal Revenue Code.

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72-38-822 . Restrictions on trustees under charitable trust, private foundations, or split-interest trust. During any period when a trust is considered to be a charitable trust, a private foundation, or a split-interest trust, the trustee may not do any of the following:
(1) engage in any act of self-dealing as defined in section 4941(d) of the Internal Revenue Code;
(2) retain any excess business holdings as defined in section 4943(c) of the Internal Revenue Code;
(3) make any investments in a manner that subjects the property of the trust to tax under section 4944 of the Internal Revenue Code; or
(4) make any taxable expenditure as defined in section 4945(d) of the Internal Revenue Code.