Montana § 32-1-703 - Common Trust Fund Allowed
Full text of Montana Montana Code Annotated § 32-1-703 — Common Trust Fund Allowed, with citation guidance and answers to common questions.
§ 32-1-703. Common Trust Fund Allowed
Common trust fund allowed. (1) Any bank or trust company qualified to act as fiduciary in this state may establish and administer common trust funds composed of property permitted by law for the investment of trust funds for the purpose of furnishing investments to: (a) itself as fiduciary; (b) itself and others as cofiduciaries; (c) any affiliated bank or trust company, including any foreign affiliated bank or trust company, as fiduciary; (d) any affiliated bank or trust company, including any foreign affiliated bank or trust company, and others as cofiduciaries; or (e) any combination of the entities listed in subsections (1)(a) through (1)(d). (2) Any bank or trust company may, as that fiduciary or cofiduciary, invest funds which it lawfully holds for investment in interests in the common trust funds administered by itself or by any affiliated bank or trust company if the investment is not prohibited by the instrument, judgment, decree, order, or statute creating and governing such fiduciary relationship and if, in the case of cofiduciaries, the bank or trust company procures the consent of its cofiduciaries to the investment.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-1-703
What does Montana Code Annotated § 32-1-703 cover?
Section 32-1-703 ("Common Trust Fund Allowed") 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 § 32-1-703?
A common citation format is "Montana Code Annotated § 32-1-703" (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 § 32-1-703 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.