Table of Contents TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS CHAPTER 34. PRINCIPAL AND INCOME Part 4. Montana Uniform Principal and Income Act
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72-34-421 72-34-422 72-34-423 72-34-424 72-34-425 72-34-426 72-34-427 1 72-34-428 72-34-429 72-34-430 72-34-431 72-34-432 72-34-433 72-34-434 72-34-435 72-34-436 72-34-437 72-34-438 72-34-439 72-34-440 72-34-441 72-34-442 72-34-443 72-34-444 72-34-445 72-34-446 72-34-447 72-34-448 72-34-449 72-34-450 72-34-451 72-34-452 72-34-453

Mont. Code Ann. § 72-34-442

Receipts from liquidating assets – allocation

(1) In this section, "liquidating asset" means an asset whose value will diminish or terminate because the asset is expected to produce receipts for a period of limited duration. The term includes a leasehold, patent, copyright, royalty right, and right to receive payments under an arrangement that does not provide for the payment of interest on the unpaid balance. The term does not include a payment subject to 72-34-441, natural resources subject to 72-34-443, timber subject to 72-34-444, a derivative or option subject to 72-34-446, an asset subject to 72-34-447, or any asset for which the trustee establishes a reserve for depreciation under 72-34-450.

(2) A trustee shall allocate to income 85% from a liquidating asset and the balance to principal.

Official Annotations archive.org, 2025 edition
History:
En. Sec. 22, Ch. 506, L. 2003 (SB 231 - Cromley, Brent (D) SD 9)
Amd. Sec. 5, Ch. 513, L. 2005 (HB 701 - Noennig, Mark (R) HD 46)
Source text on leg.mt.gov