Montana Title 17. State Finance § 17-6-233. Voting ownership interests

(1) All shares held directly or indirectly by or on behalf of the board must be voted solely in the pecuniary interest of the beneficiaries of the funds.

(2) Voting to further nonpecuniary, environmental, social, governance, or other similarly oriented considerations is prohibited.

(3) The board may not follow the recommendations of a proxy advisory firm or other service providers unless the firm or service provider commits to follow proxy voting guidelines that are consistent with the board's obligation to act based solely on pecuniary factors unless no economically practicable alternative is available.