Montana § 33-20-506 - Present Value To Equal Minimum Nonforfeiture Amount
Full text of Montana Montana Code Annotated § 33-20-506 — Present Value To Equal Minimum Nonforfeiture Amount, with citation guidance and answers to common questions.
§ 33-20-506. Present Value To Equal Minimum Nonforfeiture Amount
Present value to equal minimum nonforfeiture amount. Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 33-20-506
What does Montana Code Annotated § 33-20-506 cover?
Section 33-20-506 ("Present Value To Equal Minimum Nonforfeiture Amount") 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 § 33-20-506?
A common citation format is "Montana Code Annotated § 33-20-506" (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 § 33-20-506 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.