{"data":{"id":"us-mt/32-1-420","jurisdiction":"us-mt","citation":"32-1-420","heading":"Investment by trust fiduciary in management investment company or investment trust.","body":"(1) In the absence of an express prohibition in a trust instrument, a trust company fiduciary or the trust division of a financial institution, whether organized under state or federal law, may acquire and retain, invest, and reinvest fiduciary funds in the securities of or other interests in an open-end or closed-end management investment company or investment trust registered under 15 U.S.C. 80a-1 through 80a-64.\n(2) The investments authorized in subsection (1) may be made even if the fiduciary or an affiliate of the fiduciary is providing services to a management investment company or investment trust and is receiving compensation as an investment adviser or manager, sponsor, broker, distributor, custodian, transfer agent, or registrar or for a similar service. The fiduciary shall disclose to all current income beneficiaries of the trust the rate, formula, and method of compensation for the services provided.","path":["TITLE 32. FINANCIAL INSTITUTIONS","CHAPTER 1. BANKS AND TRUST COMPANIES","Part 4. Operation and Regulation"],"source_url":"https://mca.legmt.gov/bills/mca/title_0320/chapter_0010/part_0040/section_0200/0320-0010-0040-0200.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:49Z","sha256":"a3e9e5abe83a6e08d2cf60a048230edc829568fbf3bd79cb6d54ac0c9fb58ca6","source_id":"us-mt","stale":false,"prev":"us-mt/32-1-415","next":"us-mt/32-1-421"},"notice":"GroundRules: Original legal text. Not legal advice."}