7-35-2145. Vesting of powers and duties in new trustees. In case of the death, resignation, disability, or removal of any one or more of the trustees of such fund, all the rights, titles, powers, authorities, franchises, and trusts whatsoever existing in such trustee at the time of such death, resignation, disability, or removal shall at once, without further act or conveyance, vest in the survivor or survivors until the vacancy or vacancies so occasioned shall be filled, when the same shall in the same manner vest in the board as so reconstituted. All newly appointed trustees shall at once, upon qualification, succeed to an equal share in all the rights, titles, powers, authorities, franchises, and trusts belonging to such board; and the same shall always be vested in the members of such board as actually constituted.
History: En. Sec. 6, Ch. 165, L. 1955; R.C.M. 1947, 9-221.
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