Montana § 15-62-301 - Family Education Savings Trust
Full text of Montana Montana Code Annotated § 15-62-301 — Family Education Savings Trust, with citation guidance and answers to common questions.
§ 15-62-301. Family Education Savings Trust
Family education savings trust. (1) There is a family education savings trust that is an instrumentality of the state and that is created for a public purpose. (2) The assets of the trust consist of investments and earnings on investments of funds received by the program as contributions to accounts and amounts transferred to the trust from accounts established prior to October 1, 2005, pursuant to subsection (3). (3) In accordance with the instructions of the account owner, the trustee shall invest funds contributed to each account in permitted investment products as provided in this chapter. The trustee or a financial institution acting as an agent of the trustee shall pay or apply funds from each account for qualified withdrawals, nonqualified withdrawals, and withholdings.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 15-62-301
What does Montana Code Annotated § 15-62-301 cover?
Section 15-62-301 ("Family Education Savings Trust") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 15-62-301?
A common citation format is "Montana Code Annotated § 15-62-301" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 15-62-301 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.