Montana § 72-40-103 Application -- Principal Place Of Administration

Montana Statutes

§ 72-40-103 — Application -- Principal Place Of Administration

Montana § 72-40-103

Title 72ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

Ch. 40UNIFORM DIRECTED TRUST ACT

Part 1General Provisions

This text of Montana § 72-40-103 (Application -- Principal Place Of Administration) 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. § 72-40-103 (2026).

Text

72-40-103 . Application -- principal place of administration.

(1)This part applies to a trust, whenever created, that has its principal place of administration in this state, subject to the following rules:

(a)if the trust was created before October 1, 2021, this part applies only to a decision or action occurring on or after October 1, 2021; and

(b)if the principal place of administration of the trust is changed to this state on or after October 1, 2021, this part applies only to a decision or action occurring on or after the date of the change.

(2)Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, terms of the trust that designate the principal place of administration of the trust are valid and controlling if:

(a)

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

72-40-103 . Application -- principal place of administration. (1) This part applies to a trust, whenever created, that has its principal place of administration in this state, subject to the following rules:
(a) if the trust was created before October 1, 2021, this part applies only to a decision or action occurring on or after October 1, 2021; and
(b) if the principal place of administration of the trust is changed to this state on or after October 1, 2021, this part applies only to a decision or action occurring on or after the date of the change.
(2) Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, terms of the trust that designate the principal place of administration of the trust are valid and controlling if:
(a) a principal place of business is located in or a trustee is a resident of the designated jurisdiction;
(b) a trust director's principal place of business is located in or a trust director is a resident of the designated jurisdiction; or
(c) all or part of the administration occurs in the designated jurisdiction.