72-26-608. Receipt for custodial property. A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this chapter.

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Terms Used In Montana Code 72-26-608

  • Custodial property: means :

    (a)any interest in property transferred to a custodian under this chapter; and

    (b)the income from and proceeds of that interest in property. See Montana Code 72-26-502

  • Custodian: means a person so designated under 72-26-603 or a successor or substitute custodian designated under 72-26-801. See Montana Code 72-26-502
  • Property: means real and personal property. See Montana Code 1-1-205