Montana Code 72-34-426. Proceedings relating to adjustments — remedy
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72-34-426. Proceedings relating to adjustments — remedy. In a proceeding with respect to a trustee‘s exercise or nonexercise of the power to make an adjustment under 72-34-424, the sole remedy is to direct, deny, or revise an adjustment between principal and income.
Terms Used In Montana Code 72-34-426
- Income: means money or property that a fiduciary receives as current return from a principal asset. See Montana Code 72-34-422
- Trustee: A person or institution holding and administering property in trust.