§ 72-30-201 Repealed
§ 72-30-202 Repealed
§ 72-30-203 Repealed
§ 72-30-204 Repealed
§ 72-30-205 Repealed
§ 72-30-206 Repealed
§ 72-30-207 Release or modification of restrictions on management, investment, or purpose
§ 72-30-208 Standard of conduct in managing and investing institutional fund
§ 72-30-209 Appropriation for expenditure or accumulation of endowment fund — rules of construction
§ 72-30-210 Delegation of management and investment functions
§ 72-30-211 Reviewing compliance
§ 72-30-212 Application to existing institutional funds
§ 72-30-213 Relation to Electronic Signatures in Global and National Commerce Act
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Terms Used In Montana Code > Title 72 > Chapter 30 > Part 2 - Management of Funds

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Donor: The person who makes a gift.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Property: means real and personal property. See Montana Code 1-1-205
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201