Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · Montana · Title 19 — Public Retirement Systems · Chapter 18 · Part 4

19-18-403. Investment of fund by board of investments.

124 words·~1 min read·/mt/title-19/chapter-18/part-4/19-18-403·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

19-18-403 . Investment of fund by board of investments.
(1)Whenever the average yield on investments of public retirement funds under the board of investments exceeds by 1% in any fiscal year the average yield on investments of the fund made pursuant to 19-18-402 , the surplus money in the fund must be remitted to the state treasurer for investment under the direction of the board of investments as is provided in 17-6-204 . The board of investments shall advise the association of the current yield on investments of public retirement funds.
(2)As used in subsection (1), "surplus money" means the excess over the greater of the following:
(a)1 1/2 times the monthly benefit paid in the preceding month; or
(b)$5,000.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.