19-20-1009. Payment to minor child -- opportunity to name custodian.
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/mt/title-19/chapter-20/part-10/19-20-1009·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
19-20-1009 . Payment to minor child -- opportunity to name custodian.
(1)The retirement system may not make a payment directly to an individual who is less than 21 years of age.
(2)The retirement system shall make a payment to which a minor child is entitled by making the payment to an entity or adult designated as a custodian for the minor child pursuant to the Montana Uniform Transfers to Minors Act or to a person or entity designated by court order as legal guardian or conservator for the minor child.
(3)If a custodian for the child has not been designated, the retirement system shall withhold payment of any amount until the minor child attains 21 years of age or until a court order of guardianship or conservatorship is issued on behalf of the child.