72-26-501. Short title

72-26-501. Short title. This chapter may be cited as the “Montana Uniform Transfers to Minors Act”. History: En. Sec. 1, Ch. 102, L. 1985.

72-26-502. Definitions

72-26-502. Definitions. As used in this chapter, unless the context requires otherwise, the following definitions apply: (1) ”Adult” means an individual who has attained the age of 21 years. (2) ”Benefit plan” means an employer’s plan for the benefit of an employee or partner. (3) ”Broker” means a person lawfully engaged in the business of effecting transactions in securities […]

72-26-503. Scope and jurisdiction

72-26-503. Scope and jurisdiction. (1) This chapter applies to a transfer that refers to this chapter in the designation under 72-26-603(1) by which the transfer is made if at the time of the transfer, the transferor, the minor, or the custodian is a resident of this state or the custodial property is located in this state. […]

72-26-504. Applicability

72-26-504. Applicability. This chapter applies to a transfer within the scope of 72-26-503 made after October 1, 1985, if: (1) the transfer purports to have been made under the provisions of Title 72, chapter 26, parts 1 through 4 (repealed by section 25, Chapter 102, Laws of 1985); (2) the instrument by which the transfer purports to have […]

72-26-505. Effect on existing custodianships

72-26-505. Effect on existing custodianships. (1) Any transfer of custodial property as now defined in this chapter made before October 1, 1985, is validated notwithstanding that there was no specific authority in Title 72, chapter 26, parts 1 through 4 (repealed by section 25, Chapter 102, Laws of 1985), for the coverage of custodial property of […]

72-26-506. Uniformity of application and construction

72-26-506. Uniformity of application and construction. This chapter must be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it. History: En. Sec. 2, Ch. 102, L. 1985.