Mont. Code Ann. » TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS · CHAPTER 6. NONPROBATE TRANSFERS ON DEATH · Part 2. Multiple-Party Accounts
Montana Code Annotated

Mont. Code Ann. § 72-6-206 (2026)

Applicability Of Beneficial Ownership Provisions

✓ current as of May 2026
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  1. MCA Contents
  2. TITLE 72
  3. CHAPTER 6
  4. Part 2
  5. 72-6-206 Applicability of beneficial ownership provisions

TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

CHAPTER 6. NONPROBATE TRANSFERS ON DEATH

Part 2. Multiple-Party Accounts

Applicability Of Beneficial Ownership Provisions

72-6-206. Applicability of beneficial ownership provisions. The provisions of 72-6-211 through 72-6-214 and 72-6-216 concerning beneficial ownership as between parties or as between parties and beneficiaries apply only to controversies between those persons and their creditors and other successors and do not apply to the right of those persons to payment as determined by the terms of the account. Sections 72-6-221 through 72-6-227 govern the liability and setoff rights of financial institutions that make payments pursuant to it.

History: En. Sec. 89, Ch. 494, L. 1993; amd. Sec. 150, Ch. 264, L. 2013.

Notes of Decisions
Cited in 1 case, 1999–1999 · leading case: State v. Kane, 1999 MT 337 (Mont. 1999).
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State v. Kane, 1999 MT 337 (Mont. 1999). “¶13 The District Court disagreed with this contention, stating “§ 72-6-206 limits the application of the above statute ‘only to the controversies between [co-tenants] and their creditors and other successors and [does] not apply to the right of those persons to payment as…”
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