Montana § 72-38-904 - Review Of Assets -- Time For Compliance

Full text of Montana Montana Code Annotated § 72-38-904 — Review Of Assets -- Time For Compliance, with citation guidance and answers to common questions.

§ 72-38-904. Review Of Assets -- Time For Compliance

Review of assets -- time for compliance. Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust and with the requirements of this part.

Source: official Montana text · Last verified 2026-08-27

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Frequently Asked Questions About Montana § 72-38-904

What does Montana Code Annotated § 72-38-904 cover?

Section 72-38-904 ("Review Of Assets -- Time For Compliance") 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 § 72-38-904?

A common citation format is "Montana Code Annotated § 72-38-904" (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 § 72-38-904 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.