Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 38. Montana Uniform Trust Code

72-38-133. Objection to proposed action or inaction -- petition -- liability of trustee - 72-38-133. Objection to proposed action or inaction -- petition --...

72-38-134. Procedures not required - 72-38-134. Procedures not required. Sections 72-38-130 through 72-38-134 do not...

Part 2. Judicial Proceedings

72-38-201. Subject matter jurisdiction - 72-38-201. Subject matter jurisdiction. (1) The district court having jurisdiction...

72-38-202. Powers of court - 72-38-202. Powers of court. In proceedings concerning the internal affairs...

72-38-203. Jurisdiction over trustees and beneficiaries - 72-38-203. Jurisdiction over trustees and beneficiaries. Subject to 72-38-204: (1)...

72-38-204. Basis of jurisdiction over trust, trust property, and trust parties - 72-38-204. Basis of jurisdiction over trust, trust property, and trust...

72-38-205. Venue - 72-38-205. Venue. (1) Except as otherwise provided in subsection (2),...

72-38-206. Rules of procedure in trust proceedings - 72-38-206. Rules of procedure in trust proceedings. (1) The pleadings...

72-38-207. Jury trial - 72-38-207. Jury trial. There is no right to a jury...

72-38-208. Application - 72-38-208. Application. Sections 72-38-209 through 72-38-212 apply to notice in...

72-38-209. Notice -- method and time of giving - 72-38-209. Notice -- method and time of giving. (1) If...

72-38-210. Waiver of notice - 72-38-210. Waiver of notice. A person, including a guardian ad...

72-38-211. Pleadings -- when orders or notice binding one binds another -- representation - 72-38-211. Pleadings -- when orders or notice binding one binds...

72-38-212. Additional notice - 72-38-212. Additional notice. (1) The court may, on its own...

72-38-213. Petitioners -- grounds for petition - 72-38-213. Petitioners -- grounds for petition. (1) Except as provided...

72-38-214. Commencement of proceedings - 72-38-214. Commencement of proceedings. (1) A proceeding under this chapter...

72-38-215. Dismissal of petition - 72-38-215. Dismissal of petition. The court may dismiss a petition...

72-38-216. Request for special notice - 72-38-216. Request for special notice. (1) If proceedings involving a...

72-38-217. Request for copy of petition - 72-38-217. Request for copy of petition. If a trustee or...

72-38-218. Authority to make necessary orders -- temporary trustee - 72-38-218. Authority to make necessary orders -- temporary trustee. The...

72-38-219. Appeal - 72-38-219. Appeal. An appeal may be taken from the grant...

72-38-220. Intermittent judicial intervention in trust administration - 72-38-220. Intermittent judicial intervention in trust administration. The administration of...

72-38-221. Enforcement of beneficiary's rights under charitable trust by attorney general - 72-38-221. Enforcement of beneficiary's rights under charitable trust by attorney...

Part 3. Representation

72-38-301. Representation -- basic effect - 72-38-301. Representation -- basic effect. (1) Notice to a person...

72-38-302. Representation by holder of general testamentary power of appointment - 72-38-302. Representation by holder of general testamentary power of appointment....

72-38-303. Representation by fiduciaries and parents - 72-38-303. Representation by fiduciaries and parents. To the extent there...

72-38-304. Representation by person having substantially identical interest - 72-38-304. Representation by person having substantially identical interest. Unless otherwise...

72-38-305. Appointment of representative - 72-38-305. Appointment of representative. (1) If the court determines that...

Part 4. Creation, Validity, Modification, and Termination of Trust

72-38-401. Methods of creating trust - 72-38-401. Methods of creating trust. A trust may be created...

72-38-402. Requirements for creation - 72-38-402. Requirements for creation. (1) A trust is created only...

72-38-403. Trusts created in other jurisdictions - 72-38-403. Trusts created in other jurisdictions. A trust not created...

72-38-404. Trust purposes - 72-38-404. Trust purposes. A trust may be created only to...

72-38-405. Charitable purposes -- enforcement - 72-38-405. Charitable purposes -- enforcement. (1) A charitable trust may...

72-38-406. Creation of trust induced by fraud, duress, or undue influence - 72-38-406. Creation of trust induced by fraud, duress, or undue...

72-38-407. Statute of frauds - 72-38-407. Statute of frauds. A trust is not valid unless...

72-38-408. Trust for care of animal - 72-38-408. Trust for care of animal. (1) A trust may...

72-38-409. Noncharitable trust without ascertainable beneficiary - 72-38-409. Noncharitable trust without ascertainable beneficiary. Except as otherwise provided...

72-38-410. Modification or termination of trust -- proceedings for approval or disapproval - 72-38-410. Modification or termination of trust -- proceedings for approval...

72-38-411. Modification or termination of irrevocable trust by consent - 72-38-411. Modification or termination of irrevocable trust by consent. (1)...

72-38-412. Modification or termination because of unanticipated circumstances or inability to administer trust effectively - 72-38-412. Modification or termination because of unanticipated circumstances or inability...

72-38-413. Cy pres - 72-38-413. Cy pres. (1) Except as otherwise provided in subsection...

72-38-414. Modification or termination of uneconomic trust - 72-38-414. Modification or termination of uneconomic trust. (1) After notice...

72-38-415. Reformation to correct mistakes - 72-38-415. Reformation to correct mistakes. The court may reform the...

72-38-416. Modification to achieve settlor's tax objectives - 72-38-416. Modification to achieve settlor's tax objectives. To achieve the...

72-38-417. Combination and division of trusts - 72-38-417. Combination and division of trusts. After notice to the...

Part 5. Creditor's Claims -- Spendthrift and Discretionary Trusts

72-38-501. Rights of beneficiary's creditor or assignee - 72-38-501. Rights of beneficiary's creditor or assignee. To the extent...

72-38-502. Spendthrift provision - 72-38-502. Spendthrift provision. (1) A spendthrift provision is valid only...

72-38-503. reserved - 72-38-503 reserved.

72-38-504. Discretionary trusts -- effect of standard - 72-38-504. Discretionary trusts -- effect of standard. (1) Whether or...

72-38-505. Creditor's claim against settlor - 72-38-505. Creditor's claim against settlor. (1) Whether or not the...

72-38-506. Overdue distribution - 72-38-506. Overdue distribution. (1) (a) In this section, "mandatory distribution"...

72-38-507. Personal obligations of trustee - 72-38-507. Personal obligations of trustee. Trust property is not subject...

Part 6. Revocable Trusts

72-38-601. Capacity of settlor of revocable trust - 72-38-601. Capacity of settlor of revocable trust. The capacity required...

72-38-602. Revocation or amendment of revocable trust - 72-38-602. Revocation or amendment of revocable trust. (1) Unless the...

72-38-603. Settlor's powers -- powers of withdrawal - 72-38-603. Settlor's powers -- powers of withdrawal. (1) To the...

72-38-604. Limitation on action contesting validity of revocable trust -- distribution of trust property - 72-38-604. Limitation on action contesting validity of revocable trust --...

72-38-605. Fees and expenses -- by whom paid - 72-38-605. Fees and expenses -- by whom paid. When the...

72-38-606. Separate writing identifying disposition of tangible personal property - 72-38-606. Separate writing identifying disposition of tangible personal property. (1)...

Part 7. Office of Trustee

72-38-701. Accepting or declining trusteeship - 72-38-701. Accepting or declining trusteeship. (1) Except as otherwise provided...

72-38-702. Trustee's bond - 72-38-702. Trustee's bond. (1) A trustee shall give bond to...

72-38-703. Cotrustees - 72-38-703. Cotrustees. (1) Cotrustees who are unable to reach a...

72-38-704. Vacancy in trusteeship -- appointment of successor - 72-38-704. Vacancy in trusteeship -- appointment of successor. (1) A...

72-38-705. Resignation of trustee - 72-38-705. Resignation of trustee. (1) A trustee may resign: (a)...

72-38-706. Removal of trustee - 72-38-706. Removal of trustee. (1) The settlor, a cotrustee, or...

72-38-707. Delivery of property by former trustee - 72-38-707. Delivery of property by former trustee. (1) Unless a...

72-38-708. Compensation of trustee - 72-38-708. Compensation of trustee. (1) If the terms of a...

72-38-709. Reimbursement of expenses - 72-38-709. Reimbursement of expenses. (1) A trustee is entitled to...

Part 8. Duties and Powers of Trustee

72-38-801. Duty to administer trust - 72-38-801. Duty to administer trust. Upon acceptance of a trusteeship,...

72-38-802. Duty of loyalty - 72-38-802. Duty of loyalty. (1) A trustee shall administer the...

72-38-803. Impartiality - 72-38-803. Impartiality. If a trust has two or more beneficiaries,...

72-38-804. Prudent administration - 72-38-804. Prudent administration. A trustee shall administer the trust as...

72-38-805. Costs of administration - 72-38-805. Costs of administration. In administering a trust, the trustee...

72-38-806. Trustee's skills - 72-38-806. Trustee's skills. A trustee who has special skills or...

72-38-807. Delegation by trustee - 72-38-807. Delegation by trustee. (1) A trustee may delegate duties...

72-38-808. Repealed - 72-38-808. Repealed. Sec. 24, Ch. 325, L. 2021. History: En....

72-38-809. Control and protection of trust property - 72-38-809. Control and protection of trust property. A trustee shall...

72-38-810. Recordkeeping and identification of trust property - 72-38-810. Recordkeeping and identification of trust property. (1) A trustee...

72-38-811. Enforcement and defense claims - 72-38-811. Enforcement and defense claims. A trustee shall take reasonable...

72-38-812. Collecting trust property - 72-38-812. Collecting trust property. A trustee shall take reasonable steps...

72-38-813. Duty to inform and report - 72-38-813. Duty to inform and report. A trustee shall comply...

72-38-814. Discretionary powers -- tax savings - 72-38-814. Discretionary powers -- tax savings. (1) Notwithstanding the breadth...

72-38-815. General powers of trustee - 72-38-815. General powers of trustee. (1) A trustee, without authorization...

72-38-816. Specific powers of trustee - 72-38-816. Specific powers of trustee. Without limiting the authority conferred...

72-38-817. Distribution upon termination - 72-38-817. Distribution upon termination. (1) Upon termination or partial termination...

72-38-818. and 72-38-819 reserved - 72-38-818 and 72-38-819 reserved.

72-38-820. Definitions - 72-38-820. Definitions. As used in 72-38-820 through 72-38-826, the following...

72-38-821. Distribution under charitable trust or private foundation - 72-38-821. Distribution under charitable trust or private foundation. During any...

72-38-822. Restrictions on trustees under charitable trust, private foundations, or split-interest trust - 72-38-822. Restrictions on trustees under charitable trust, private foundations, or...

72-38-823. Exceptions applicable to split-interest trusts - 72-38-823. Exceptions applicable to split-interest trusts. (1) Subsections (2) and...

72-38-824. Incorporation in trust instruments - 72-38-824. Incorporation in trust instruments. The provisions of 72-38-821 through...

72-38-825. Proceedings - 72-38-825. Proceedings. (1) A proceeding contemplated by section 101(l)(3) of...

72-38-826. Disposition of property upon termination of a charitable trust, private foundation, or split-interest trust - 72-38-826. Disposition of property upon termination of a charitable trust,...

Part 9. Uniform Prudent Investor Act

72-38-901. Prudent investor rule - 72-38-901. Prudent investor rule. (1) Except as provided in subsection...

72-38-902. Standard of care -- investments and management -- considerations - 72-38-902. Standard of care -- investments and management -- considerations....

72-38-903. Diversification -- duty of trustee -- exception - 72-38-903. Diversification -- duty of trustee -- exception. (1) Subject...

72-38-904. Review of assets -- time for compliance - 72-38-904. Review of assets -- time for compliance. Within a...

72-38-905. Compliance determinations -- standards - 72-38-905. Compliance determinations -- standards. Compliance with the prudent investor...

72-38-906. Interpretation of trust terms construing legal investments - 72-38-906. Interpretation of trust terms construing legal investments. The following...

Part 10. Liability of Trustees and Rights of Persons Dealing with Trustee

72-38-1001. Remedies for breach of trust - 72-38-1001. Remedies for breach of trust. (1) A violation by...

72-38-1002. Damages for breach of trust - 72-38-1002. Damages for breach of trust. (1) A trustee who...

72-38-1003. Damages in absence of breach - 72-38-1003. Damages in absence of breach. (1) A trustee is...

72-38-1004. Attorney fees and costs - 72-38-1004. Attorney fees and costs. In a judicial proceeding involving...

72-38-1005. Limitation of action against trustee - 72-38-1005. Limitation of action against trustee. (1) A beneficiary may...

72-38-1006. Reliance on trust instrument - 72-38-1006. Reliance on trust instrument. A trustee who acts in...

72-38-1007. Event affecting administration or distribution - 72-38-1007. Event affecting administration or distribution. If the happening of...

72-38-1008. Exculpation of trustee - 72-38-1008. Exculpation of trustee. (1) A term of a trust...

72-38-1009. Beneficiary's consent, release, or ratification - 72-38-1009. Beneficiary's consent, release, or ratification. A trustee is not...

72-38-1010. Limitation on personal liability of trustee - 72-38-1010. Limitation on personal liability of trustee. (1) Except as...

72-38-1011. Interest as general partner - 72-38-1011. Interest as general partner. (1) Unless personal liability is...

72-38-1012. Protection of person dealing with trustee - 72-38-1012. Protection of person dealing with trustee. (1) A person...

72-38-1013. Certification of trust - 72-38-1013. Certification of trust. (1) Instead of furnishing a copy...

Part 11. Miscellaneous Provisions

72-38-1101. Uniformity of application and construction - 72-38-1101. Uniformity of application and construction. In applying and construing...

72-38-1102. Electronic records and signatures - 72-38-1102. Electronic records and signatures. The provisions of this chapter...

72-38-1103. through 72-38-1110 reserved - 72-38-1103 through 72-38-1110 reserved.

72-38-1111. Effects on real property transactions - 72-38-1111. Effects on real property transactions. (1) This section relates...

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Montana Code Annotated Title 72. Estates, Trusts, and Fiduciary Relationships Chapter 38. Montana Uniform Trust Code

Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 38. Montana Uniform Trust Code