{"data":{"id":"us-mt/72-26-607","jurisdiction":"us-mt","citation":"72-26-607","heading":"Transfer by obligor.","body":"(1) Subject to subsections (2) and (3), a person not subject to 72-26-605 or 72-26-606 who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to 72-26-603.\n(2) If a person having the right to do so under 72-26-601 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.\n(3) If no custodian has been nominated under 72-26-601 or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $10,000 in value.","path":["TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS","CHAPTER 26. UNIFORM TRANSFERS TO MINORS ACT","Part 6. Manner of Creating Custodial Property and Effecting Transfer"],"source_url":"https://mca.legmt.gov/bills/mca/title_0720/chapter_0260/part_0060/section_0070/0720-0260-0060-0070.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:59:22Z","sha256":"67666d6f37c321848cf99998b447cf98330dc7e919bc2f1a6ef6a9216f8bd873","source_id":"us-mt","stale":false,"prev":"us-mt/72-26-606","next":"us-mt/72-26-608"},"notice":"GroundRules: Original legal text. Not legal advice."}