Mont. Code § 72-38-121

Current through the 2023 Regular Session
Section 72-38-121 - Resulting trust upon full performance of trust

When the owner of property gratuitously transfers it subject to a trust that is properly declared and that is fully performed without exhausting the trust estate, the trustee holds the surplus as a resulting trust for the transferor or the transferor's estate unless the transferor manifested in the trust instrument an intention that no resulting trust of the surplus should arise.

§ 72-38-121, MCA

Added by Laws 2013, Ch. 264, Sec. 15, eff. 10/1/2013.