Montana § 19-2-503 - Management Of Pension Trust Funds
Full text of Montana Montana Code Annotated § 19-2-503 — Management Of Pension Trust Funds, with citation guidance and answers to common questions.
§ 19-2-503. Management Of Pension Trust Funds
Management of pension trust funds. The pension trust funds must be managed as follows: (1) The board is the trustee of all money collected for the retirement systems and has exclusive control of the administration of the pension trust funds except as otherwise provided by law. (2) The department shall deposit in the state treasury all amounts received by the board as provided in this chapter. (3) Except as provided in chapter 3, part 21, of this title, the state treasurer is custodian of the pension trust funds, subject to the exclusive control of the board for administration and the board of investments for the investment of the funds.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 19-2-503
What does Montana Code Annotated § 19-2-503 cover?
Section 19-2-503 ("Management Of Pension Trust Funds") 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 § 19-2-503?
A common citation format is "Montana Code Annotated § 19-2-503" (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 § 19-2-503 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.