Montana § 19-18-503 - Fund To Be Soundly Funded
Full text of Montana Montana Code Annotated § 19-18-503 — Fund To Be Soundly Funded, with citation guidance and answers to common questions.
§ 19-18-503. Fund To Be Soundly Funded
Fund to be soundly funded. (1) Each disability and pension fund must be soundly funded at fiscal yearend. The fund is soundly funded if, subject to subsection (2): (a) assets in the fund are maintained at a level equal to at least three times but no more than five times the benefits paid by the fund in the previous or current fiscal year, whichever is greater; or (b) funding is maintained at a level determined by an actuarial valuation to be sufficient to keep the fund actuarially sound. (2) An actuarial valuation may be requested only by a city, town, or association.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 19-18-503
What does Montana Code Annotated § 19-18-503 cover?
Section 19-18-503 ("Fund To Be Soundly Funded") 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 § 19-18-503?
A common citation format is "Montana Code Annotated § 19-18-503" (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 § 19-18-503 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.