Montana § 35-20-316 - Permanent Care And Improvement Fund -- Management Of Fund
Full text of Montana Montana Code Annotated § 35-20-316 — Permanent Care And Improvement Fund -- Management Of Fund, with citation guidance and answers to common questions.
§ 35-20-316. Permanent Care And Improvement Fund -- Management Of Fund
Permanent care and improvement fund -- management of fund. (1) A permanent care and improvement fund established pursuant to 35-20-301 is considered an endowment fund as defined in 72-30-102 . (2) The trustees may manage, invest, and appropriate the fund pursuant to the Uniform Prudent Management of Institutional Funds Act provided for in Title 72, chapter 30. (3) The trustees may annually appropriate a percentage of the fair market value of the fund to the treasurer of the association to use for the purposes set forth in 35-20-312 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-20-316
What does Montana Code Annotated § 35-20-316 cover?
Section 35-20-316 ("Permanent Care And Improvement Fund -- Management Of Fund") 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 § 35-20-316?
A common citation format is "Montana Code Annotated § 35-20-316" (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 § 35-20-316 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.