Montana Code 72-31-102. Investment by fiduciaries in home owners’ loan corporation bonds authorized
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72-31-102. Investment by fiduciaries in home owners’ loan corporation bonds authorized. Notwithstanding any other provision of law, it is lawful for any executor, administrator, guardian or conservator, trustee, or other fiduciary to invest the funds or money in the person‘s custody or possession, eligible for investment, in bonds of the home owners’ loan corporation or debentures issued by the federal housing administrator, guaranteed as to principal and interest by the United States government.
Terms Used In Montana Code 72-31-102
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Executor: A male person named in a will to carry out the decedent
- Fiduciary: A trustee, executor, or administrator.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Trustee: A person or institution holding and administering property in trust.
- United States: includes the District of Columbia and the territories. See Montana Code 1-1-201