Montana Code > Title 33 > Chapter 20 > Part 7 – Charitable Gift Annuities
Current as of: 2023 | Check for updates
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Other versions
| § 33-20-701 | Definitions |
| § 33-20-702 | Charitable gift annuity not insurance |
| § 33-20-703 | Repealed |
| § 33-20-704 | Repealed |
| § 33-20-705 | Repealed |
Terms Used In Montana Code > Title 33 > Chapter 20 > Part 7 - Charitable Gift Annuities
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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