7-35-2134. Use of bank as trustee. The board of trustees shall also have the power and authority to nominate any bank which is authorized to act as a trust company in Montana under state or federal law to be trustee of such trust fund. In that event the district court shall make appointment of such nominee which shall serve in such capacity without bond but shall be required to make all reports and discharge all the duties and obligations required of individual trustees.
History: En. Sec. 2, Ch. 165, L. 1955; R.C.M. 1947, 9-217(part).
Structure Montana Code Annotated
7-35-2117. through 7-35-2120 reserved
7-35-2126. through 7-35-2130 reserved
7-35-2131. Establishment and maintenance of permanent care and improvement fund
7-35-2132. Application for appointment of trustees of fund
7-35-2133. Appointment of trustees of fund
7-35-2134. Use of bank as trustee
7-35-2135. Term of office for trustees of fund
7-35-2137. Compensation of trustees of fund
7-35-2138. Secretary for trustees of fund
7-35-2139. Bond requirements for trustees of fund
7-35-2140. Effect of failure to renew bond
7-35-2141. Reduction of bond by deposit of money and securities
7-35-2143. Recording of instruments of appointment of trustees of fund
7-35-2144. Vesting of funds in trustees
7-35-2145. Vesting of powers and duties in new trustees
7-35-2146. Administration of permanent care and improvement fund
7-35-2147. Financial management of fund
7-35-2148. Disposition of fund income
7-35-2149. Notice to purchasers of cemetery lots of transfers to fund