Montana § 33-15-502 - Minor May Give Acquittance
Full text of Montana Montana Code Annotated § 33-15-502 — Minor May Give Acquittance, with citation guidance and answers to common questions.
§ 33-15-502. Minor May Give Acquittance
Minor may give acquittance. (1) Any minor domiciled in this state who has attained the age of 16 years shall be deemed competent to receive and to give full acquittance and discharge for a payment or payments in aggregate amount not exceeding $3,000 in any one year made by a life insurer under the maturity, death, or settlement agreement provisions in effect or elected by such minor under a life insurance policy or annuity contract, provided such policy, contract, or agreement shall provide for the payment or payments to such minor and if prior to such payment the insurer has not received written notice of the appointment of a duly qualified guardian of the property of the minor. No such minor shall be deemed competent to alienate the right to or to anticipate such payments. This section shall not be deemed to restrict the rights of minors set forth in 33-15-103 . (2) This section shall not be deemed to require any insurer to determine whether any other insurer may be effecting a similar payment to the same minor.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 33-15-502
What does Montana Code Annotated § 33-15-502 cover?
Section 33-15-502 ("Minor May Give Acquittance") 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 § 33-15-502?
A common citation format is "Montana Code Annotated § 33-15-502" (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 § 33-15-502 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.