Montana Code > Title 19 > Chapter 50 – Deferred Compensation
Current as of: 2023 | Check for updates
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Other versions
| Sections | ||
|---|---|---|
| Part 1 | General Provisions | § 19-50-101 – § 19-50-104 |
| Part 2 | Administration | § 19-50-201 – § 19-50-206 |
Terms Used In Montana Code > Title 19 > Chapter 50 - Deferred Compensation
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- Writing: includes printing. See Montana Code 1-1-203