§ 72-26-801 Renunciation, resignation, death, or removal of custodian — designation of successor custodian
§ 72-26-802 Accounting by and determination of liability of custodian
§ 72-26-803 Termination of custodianship
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Terms Used In Montana Code > Title 72 > Chapter 26 > Part 8 - Renunciation, Resignation, Death, or Removal of Custodian -- Accounting -- Termination -- Successor

  • Adult: means an individual who has attained the age of 21 years. See Montana Code 72-26-502
  • Conservator: means a person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor's property or a person legally authorized to perform substantially the same functions. See Montana Code 72-26-502
  • Court: means district court. See Montana Code 72-26-502
  • Custodial property: means :

    (a)any interest in property transferred to a custodian under this chapter; and

    (b)the income from and proceeds of that interest in property. See Montana Code 72-26-502

  • Custodian: means a person so designated under 72-26-603 or a successor or substitute custodian designated under 72-26-801. See Montana Code 72-26-502
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Legal representative: means an individual's personal representative or conservator. See Montana Code 72-26-502
  • Minor: means an individual who has not attained the age of 21 years. See Montana Code 72-26-502
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: means an individual, corporation, organization, or other legal entity. See Montana Code 72-26-502
  • Property: means real and personal property. See Montana Code 1-1-205
  • Subscribing witness: means a person who sees a writing executed or hears it acknowledged and at the request of the party signs the person's name as a witness. See Montana Code 1-1-203
  • Transfer: means a transaction that creates custodial property under 72-26-603. See Montana Code 72-26-502
  • Transferor: means a person who makes a transfer under this chapter. See Montana Code 72-26-502
  • Trust company: means a financial institution, corporation, or other legal entity authorized to exercise general trust powers. See Montana Code 72-26-502