Montana § 72-5-104 Informal Discharge Of Duty To Pay Or Deliver Property To Minor

Montana Statutes

§ 72-5-104 — Informal Discharge Of Duty To Pay Or Deliver Property To Minor

Montana § 72-5-104

Title 72ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

Ch. 5UPC -- PERSONS UNDER DISABILITY GUARDIANSHIP AND CONSERVATORSHIP

Part 1General Provisions

This text of Montana § 72-5-104 (Informal Discharge Of Duty To Pay Or Deliver Property To Minor) 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. § 72-5-104 (2026).

Text

72-5-104 . Informal discharge of duty to pay or deliver property to minor.

(1)A person under a duty to pay or deliver money or personal property to a minor may perform this duty, in amounts not exceeding $5,000 a year, by paying or delivering the money or property to:

(a)the minor, if the minor has attained 18 years of age or is married;

(b)any person having the care and custody of the minor with whom the minor resides;

(c)a guardian of the minor; or

(d)a financial institution incident to a deposit in a federally insured savings account in the sole name of the minor and giving notice of the deposit to the minor.

(2)This section does not apply if the person making payment or delivery has actual knowledge that a conservator has been appointed or proceedings for appointment of a conserv

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

72-5-104 . Informal discharge of duty to pay or deliver property to minor. (1) A person under a duty to pay or deliver money or personal property to a minor may perform this duty, in amounts not exceeding $5,000 a year, by paying or delivering the money or property to:
(a) the minor, if the minor has attained 18 years of age or is married;
(b) any person having the care and custody of the minor with whom the minor resides;
(c) a guardian of the minor; or
(d) a financial institution incident to a deposit in a federally insured savings account in the sole name of the minor and giving notice of the deposit to the minor.
(2) This section does not apply if the person making payment or delivery has actual knowledge that a conservator has been appointed or proceedings for appointment of a conservator of the estate of the minor are pending.
(3) The persons, other than the minor or any financial institution under subsection (1)(d), receiving money or property for a minor are obligated to apply the money to the support and education of the minor but may not pay themselves except by way of reimbursement for out-of-pocket expenses for goods and services necessary for the minor's support. Any excess sums must be preserved for future support of the minor, and any balance not so used and any property received for the minor must be turned over to the minor when the minor attains majority. Persons who pay or deliver in accordance with provisions of this section are not responsible for the proper application of the money or property.