7-35-2144. Vesting of funds in trustees. Upon the election, appointment, and qualification, as provided in this part, of the trustees of the fund, all of the title to the funds included in the trust and all of the rights, powers, authorities, franchises, and trusts pertaining to the trust vest in the trustees. In case of the failure of any of those chosen and appointed to qualify within 30 days after their appointment, then the rights, powers, authorities, franchises, and trusts vest in those who qualify.
History: En. Sec. 2, Ch. 165, L. 1955; R.C.M. 1947, 9-217(part); amd. Sec. 738, Ch. 61, L. 2007.
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