72-6-402. Definitions. As used in this part, the following definitions apply:
(1) "Beneficiary" means a person that receives property under a transfer on death deed.
(2) "Designated beneficiary" means a person designated to receive property in a transfer on death deed.
(3) "Joint owner" means an individual who owns property concurrently with one or more other individuals with a right of survivorship. The term includes a joint tenant. The term does not include a tenant in common.
(4) "Person" means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.
(5) "Property" means an interest in real property located in this state which is transferable on the death of the owner.
(6) "Transfer on death deed" means a deed authorized under this part.
(7) "Transferor" means an individual who makes a transfer on death deed.
History: En. Sec. 84, Ch. 313, L. 2019.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 6. Nonprobate Transfers on Death
Part 4. Uniform Real Property Transfer on Death Act
72-6-404. Transfer on death deed authorized
72-6-405. Transfer on death deed revocable
72-6-406. Transfer on death deed nontestamentary
72-6-407. Capacity of transferor
72-6-409. Notice, delivery, acceptance, consideration not required
72-6-410. Revocation by instrument authorized -- revocation by act not permitted
72-6-411. Effect of transfer on death deed during transferor's life
72-6-412. Effect of transfer on death deed at transferor's death
72-6-414. Liability for creditor claims and statutory allowances
72-6-415. Optional form of transfer on death deed
72-6-416. Optional form of revocation