Montana § 72-6-211 Ownership During Lifetime

Montana Statutes

§ 72-6-211 — Ownership During Lifetime

Montana § 72-6-211

Title 72ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

Ch. 6NONPROBATE TRANSFERS ON DEATH

Part 2Multiple-Party Accounts

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Bluebook

Mont. Code Ann. § 72-6-211 (2026).

Text

72-6-211 . Ownership during lifetime.

(1)In this section, "net contribution" of a party means the sum of all deposits to an account made by or for the party, less all payments from the account made to or for the party that have not been paid to or applied to the use of another party and a proportionate share of any charges deducted from the account, plus a proportionate share of any interest or dividends earned, whether or not included in the current balance. The term includes deposit life insurance proceeds added to the account by reason of death of the party whose net contribution is in question.

(2)During the lifetime of all parties, an account belongs to the parties in proportion to the net contribution of each to the sums on deposit unless there is clear and convincing evidence of a

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72-6-211 . Ownership during lifetime. (1) In this section, "net contribution" of a party means the sum of all deposits to an account made by or for the party, less all payments from the account made to or for the party that have not been paid to or applied to the use of another party and a proportionate share of any charges deducted from the account, plus a proportionate share of any interest or dividends earned, whether or not included in the current balance. The term includes deposit life insurance proceeds added to the account by reason of death of the party whose net contribution is in question.
(2) During the lifetime of all parties, an account belongs to the parties in proportion to the net contribution of each to the sums on deposit unless there is clear and convincing evidence of a different intent. As between parties married to each other, in the absence of proof otherwise, the net contribution of each is presumed to be an equal amount.
(3) A beneficiary in an account having a POD designation has no right to sums on deposit during the lifetime of any party.
(4) An agent in an account with an agency designation has no beneficial right to sums on deposit.