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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) This chapter may not be construed to establish state residency for a person merely because the person is a designated beneficiary.
(2) This chapter does not establish any obligation of this state or of an agency or instrumentality of this state to guarantee for the benefit of a designated beneficiary, agent, or contributor:
(a) the return of any amounts contributed to an account;
(b) the rate of interest or other return on an account; or
(c) the payment of interest or other return on an account.
(3) Under rules adopted by the department, each contract, application, and offering or disclosure document, and any other type of document identified by the department that may be used in connection with a contribution to an account, must clearly indicate that the account is not insured by the state and that the principal deposited and any investment return are not guaranteed by the state.
Cite this article: FindLaw.com - Montana Title 53. Social Services and Institutions § 53-25-113. Limitations - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-53-social-services-and-institutions/mt-st-53-25-113/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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