Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 34. Principal and Income

Part 1. Duties of Trustees (Renumbered and Repealed)

72-34-101. Repealed - 72-34-101. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-102. Repealed - 72-34-102. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-103. Repealed - 72-34-103. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-104. Renumbered 72-34-604 - 72-34-104. Renumbered 72-34-604. Sec. 14, Ch. 484, L. 2003.

72-34-105. Repealed - 72-34-105. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-106. Repealed - 72-34-106. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-107. Repealed - 72-34-107. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-108. Repealed - 72-34-108. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-109. Repealed - 72-34-109. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-110. Repealed - 72-34-110. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-111. Repealed - 72-34-111. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-112. Repealed - 72-34-112. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-113. Repealed - 72-34-113. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-114. Repealed - 72-34-114. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-115. Repealed - 72-34-115. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-116. Repealed - 72-34-116. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-117. Repealed - 72-34-117. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-118. Repealed - 72-34-118. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-119. and 72-34-120 reserved - 72-34-119 and 72-34-120 reserved.

72-34-121. Repealed - 72-34-121. Repealed. Sec. 12, Ch. 484, L. 2003. History: En....

72-34-122. and 72-34-123 reserved - 72-34-122 and 72-34-123 reserved.

72-34-124. Repealed - 72-34-124. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-125. Repealed - 72-34-125. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-126. Repealed - 72-34-126. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-127. Repealed - 72-34-127. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-128. Repealed - 72-34-128. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-129. Repealed - 72-34-129. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-130. Repealed - 72-34-130. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

Part 2. Duties of Trustees of Private Foundations, Charitable Trusts, and Split-Interest Trusts (Repealed)

72-34-201. Repealed - 72-34-201. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-202. Repealed - 72-34-202. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-203. Repealed - 72-34-203. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-204. Repealed - 72-34-204. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-205. Repealed - 72-34-205. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-206. Repealed - 72-34-206. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-207. Repealed - 72-34-207. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

Part 3. Powers of Trustees (Repealed)

72-34-301. Repealed - 72-34-301. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-302. Repealed - 72-34-302. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-303. Repealed - 72-34-303. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-304. Repealed - 72-34-304. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-305. reserved - 72-34-305 reserved.

72-34-306. Repealed - 72-34-306. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-307. Repealed - 72-34-307. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-308. Repealed - 72-34-308. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-309. Repealed - 72-34-309. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-310. Repealed - 72-34-310. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-311. Repealed - 72-34-311. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-312. through 72-34-315 reserved - 72-34-312 through 72-34-315 reserved.

72-34-316. Repealed - 72-34-316. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-317. Repealed - 72-34-317. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-318. Repealed - 72-34-318. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-319. Repealed - 72-34-319. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-320. Repealed - 72-34-320. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-321. Repealed - 72-34-321. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-322. Repealed - 72-34-322. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-323. Repealed - 72-34-323. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-324. and 72-34-325 reserved - 72-34-324 and 72-34-325 reserved.

72-34-326. Repealed - 72-34-326. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-327. Repealed - 72-34-327. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-328. Repealed - 72-34-328. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-329. Repealed - 72-34-329. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-330. Repealed - 72-34-330. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-331. Repealed - 72-34-331. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-332. Repealed - 72-34-332. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-333. through 72-34-335 reserved - 72-34-333 through 72-34-335 reserved.

72-34-336. Repealed - 72-34-336. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-337. Repealed - 72-34-337. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-338. Repealed - 72-34-338. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-339. Repealed - 72-34-339. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-340. Repealed - 72-34-340. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-341. Repealed - 72-34-341. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-342. Repealed - 72-34-342. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-343. Repealed - 72-34-343. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

Part 4. Montana Uniform Principal and Income Act

72-34-401. Repealed - 72-34-401. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-402. Repealed - 72-34-402. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-403. Repealed - 72-34-403. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-404. Repealed - 72-34-404. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-405. Repealed - 72-34-405. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-406. Repealed - 72-34-406. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-407. Repealed - 72-34-407. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-408. Repealed - 72-34-408. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-409. Repealed - 72-34-409. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-410. Repealed - 72-34-410. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-411. Repealed - 72-34-411. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-412. Repealed - 72-34-412. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-413. through 72-34-415 reserved - 72-34-413 through 72-34-415 reserved.

72-34-416. Repealed - 72-34-416. Repealed. Sec. 34, Ch. 506, L. 2003. History: En....

72-34-417. through 72-34-420 reserved - 72-34-417 through 72-34-420 reserved.

72-34-421. Short title - 72-34-421. Short title. This part may be cited as the...

72-34-422. Definitions - 72-34-422. Definitions. As used in this part, unless the context...

72-34-423. Allocation between principal and income -- impartial exercise of discretion - 72-34-423. Allocation between principal and income -- impartial exercise of...

72-34-424. Adjustments between principal and income - 72-34-424. Adjustments between principal and income. (1) Subject to subsection...

72-34-425. Notice of proposed action -- objections by beneficiary -- liability of trustee -- proceedings - 72-34-425. Notice of proposed action -- objections by beneficiary --...

72-34-426. Proceedings relating to adjustments -- remedy - 72-34-426. Proceedings relating to adjustments -- remedy. In a proceeding...

72-34-427. Application of part - 72-34-427. Application of part. This part applies to every trust...

72-34-428. Rules applicable after decedent's death or termination of income interest - 72-34-428. Rules applicable after decedent's death or termination of income...

72-34-429. Beneficiary's portion of net income -- maintenance of records -- distribution date - 72-34-429. Beneficiary's portion of net income -- maintenance of records...

72-34-430. Beneficiary's entitlement to net income -- assets subject to trust -- assets subject to successive income interest -- termination of income interest - 72-34-430. Beneficiary's entitlement to net income -- assets subject to...

72-34-431. Allocation of income receipt or disbursement - 72-34-431. Allocation of income receipt or disbursement. (1) A trustee...

72-34-432. Undistributed income -- definition -- payment to beneficiary - 72-34-432. Undistributed income -- definition -- payment to beneficiary. (1)...

72-34-433. Allocation of receipts to income or principal -- entity defined - 72-34-433. Allocation of receipts to income or principal -- entity...

72-34-434. Allocation of amounts received from specified trusts or estates - 72-34-434. Allocation of amounts received from specified trusts or estates....

72-34-435. Separate accounting records for business or other activity - 72-34-435. Separate accounting records for business or other activity. (1)...

72-34-436. Amounts allocated to principal - 72-34-436. Amounts allocated to principal. A trustee shall allocate to...

72-34-437. Amounts received from rental property allocation - 72-34-437. Amounts received from rental property allocation. Unless the trustee...

72-34-438. Interest on obligation to pay money -- allocation - 72-34-438. Interest on obligation to pay money -- allocation. (1)...

72-34-439. Life insurance policy proceeds -- proceeds of contracts insuring against certain losses -- allocation - 72-34-439. Life insurance policy proceeds -- proceeds of contracts insuring...

72-34-440. Insubstantial allocation -- allocation of entire amount to principal -- exceptions - 72-34-440. Insubstantial allocation -- allocation of entire amount to principal...

72-34-441. Payments characterized as interest or dividend -- allocation to income -- allocation of other payments -- excess allocation to income in order to obtain estate tax marital deduction - 72-34-441. Payments characterized as interest or dividend -- allocation to...

72-34-442. Receipts from liquidating assets -- allocation - 72-34-442. Receipts from liquidating assets -- allocation. (1) In this...

72-34-443. Receipts from mineral interests and other natural resources -- allocation - 72-34-443. Receipts from mineral interests and other natural resources --...

72-34-444. Receipts from sale of timber and related products -- allocation - 72-34-444. Receipts from sale of timber and related products --...

72-34-445. Increasing income in order to maintain marital deduction - 72-34-445. Increasing income in order to maintain marital deduction. (1)...

72-34-446. Transactions in derivatives -- allocations of receipts and disbursements -- options to buy or sell property -- allocation of amounts received or paid - 72-34-446. Transactions in derivatives -- allocations of receipts and disbursements...

72-34-447. Payments from collateral financial assets and payments in exchange for interest in asset-backed security -- allocation - 72-34-447. Payments from collateral financial assets and payments in exchange...

72-34-448. Disbursements from income - 72-34-448. Disbursements from income. A trustee shall make the following...

72-34-449. Disbursements from principal - 72-34-449. Disbursements from principal. (1) A trustee shall make the...

72-34-450. Assets subject to depreciation -- transfer from income to principal of portion of net cash receipts - 72-34-450. Assets subject to depreciation -- transfer from income to...

72-34-451. Transfer from income to principal in anticipation of principal disbursement - 72-34-451. Transfer from income to principal in anticipation of principal...

72-34-452. Payment of taxes - 72-34-452. Payment of taxes. (1) A tax required to be...

72-34-453. Adjustments between principal and income in certain cases - 72-34-453. Adjustments between principal and income in certain cases. (1)...

Part 5. Liability of Trustees to Beneficiaries (Repealed)

72-34-501. Repealed - 72-34-501. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-502. Repealed - 72-34-502. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-503. Repealed - 72-34-503. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-504. Repealed - 72-34-504. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-505. reserved - 72-34-505 reserved.

72-34-506. Repealed - 72-34-506. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-507. Repealed - 72-34-507. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-508. Repealed - 72-34-508. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-509. Repealed - 72-34-509. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-510. reserved - 72-34-510 reserved.

72-34-511. Repealed - 72-34-511. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-512. Repealed - 72-34-512. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-513. Repealed - 72-34-513. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-514. Repealed - 72-34-514. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-515. Repealed - 72-34-515. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-516. Repealed - 72-34-516. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-517. Repealed - 72-34-517. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

Part 6. Montana Uniform Prudent Investor Act (Repealed)

72-34-601. Repealed - 72-34-601. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-602. Repealed - 72-34-602. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-603. Repealed - 72-34-603. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-604. Repealed - 72-34-604. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-605. Repealed - 72-34-605. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-606. Repealed - 72-34-606. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-607. Repealed - 72-34-607. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-608. Repealed - 72-34-608. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-609. Repealed - 72-34-609. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

72-34-610. Repealed - 72-34-610. Repealed. Sec. 162, Ch. 264, L. 2013. History: En....

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Montana Code Annotated Title 72. Estates, Trusts, and Fiduciary Relationships Chapter 34. Principal and Income

Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 34. Principal and Income