Current through the 2023 Regular Session
Section 19-20-1009 - Payment to minor child - opportunity to name custodian(1) The retirement system may not make a payment directly to an individual who is less than 21 years of age.(2) The retirement system shall make a payment to which a minor child is entitled by making the payment to an entity or adult designated as a custodian for the minor child pursuant to the Montana Uniform Transfers to Minors Act or to a person or entity designated by court order as legal guardian or conservator for the minor child.(3) If a custodian for the child has not been designated, the retirement system shall withhold payment of any amount until the minor child attains 21 years of age or until a court order of guardianship or conservatorship is issued on behalf of the child.Added by Laws 2019, Ch. 276,Sec. 18, eff. 7/1/2019.