Montana Code > Title 35 > Chapter 20 > Part 3 – Permanent Care and Improvement Fund Trustees of Fund


§ 35-20-301	Fund required
§ 35-20-302	Trustees of fund — appointment by district court — qualifications — powers
§ 35-20-303	Trustees of fund — term
§ 35-20-304	Trustees of fund — bond required — renewal of bond — deposit with county treasurer
§ 35-20-305	Vacancies — how filled
§ 35-20-306	All powers vest in survivors until vacancy filled — succession to powers
§ 35-20-307	Title to funds vest in court when no application made for appointment or entire board is vacant — appointment by court — accounting
§ 35-20-308	Recording appointments of trustees
§ 35-20-309	Secretary of board
§ 35-20-310	Transfer of moneys received by association to trustees of fund
§ 35-20-311	Principal of fund to be reserved — income to be turned over to treasurer
§ 35-20-312	Use of income of fund
§ 35-20-313	Investment of fund
§ 35-20-314	Compensation of trustees of fund
§ 35-20-315	Annual report of trustees of fund
§ 35-20-316	Permanent care and improvement fund — management of fund

Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
Property: means real and personal property. See Montana Code 1-1-205
State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
Trustee: A person or institution holding and administering property in trust.