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SB305 • 2025
Revise funeral trust laws
This bill passed the Legislature and reached final enactment based on the latest official action.
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Revise funeral trust laws
Chapter Number Assigned
(S) Signed by Governor
(H) Signed by Speaker
(S) Transmitted to Governor
(S) Signed by President
(S) Returned from Enrolling
(H) Scheduled for 3rd Reading
(H) 3rd Reading Concurred
(S) Sent to Enrolling
(H) Scheduled for 2nd Reading
(H) 2nd Reading Concurred
(H) Committee Executive Action--Bill Concurred
(H) Committee Report--Bill Concurred
(H) Hearing
(H) Referred to Committee
(H) First Reading
(S) Scheduled for 3rd Reading
(S) 3rd Reading Passed
(S) Transmitted to House
(S) Scheduled for 2nd Reading
(S) 2nd Reading Passed
(S) Committee Executive Action--Bill Passed
(S) Committee Report--Bill Passed
(S) Hearing
(LC) Draft Delivered to Requester
(S) Introduced
(S) First Reading
(S) Referred to Committee
(LC) Draft Ready for Delivery
(LC) Draft in Final Drafter Review
(LC) Draft in Assembly
(LC) Draft in Input/Proofing
(LC) Draft in Edit
(LC) Draft in Legal Review
(LC) Drafter Assigned
Revise funeral trust laws
**** 69th Legislature 2025 SB 305 - 1 - Authorized Print Version – SB 305 ENROLLED BILL AN ACT GENERALLY REVISING FUNERAL TRUST LAWS; REQUIRING FUNERAL TRUST FUNDS TO COMPLY WITH THE PRUDENT INVESTOR RULE; AND AMENDING SECTION 37-19-828, MCA. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 37-19-828, MCA, is amended to read: "37-19-828. Funeral trust fund -- deposit of money. (1) (a) A party that provides services pursuant to a contract for a prearranged funeral or related services and that receives money under the contract shall deposit the money within 10 business days of receipt in a banking institution or invest the money in the stock of a savings or building and loan association or in the shares of a credit union. (b) The banking institution, savings or building and loan association, or credit union shall maintain an office in this state and must be organized under the laws of this state, of another state, or of the United States. (c) Deposits or investments made as provided in this section must be insured by an instrumentality of the federal government must comply with the prudent investor rule provided for in Title 72, chapter 38, part 9. The rule may not be waived. (2) Deposits or investments made pursuant to this section constitute a trust fund for the benefit of the person contracting for the prearranged funeral or related services. The money must be placed in a separate account in the name of the depositor as trustee for the person contracting for the prearranged funeral or related services." - END - I hereby certify that the within bill, SB 305, originated in the Senate. ___________________________________________ Secretary of the Senate ___________________________________________ President of the Senate Signed this _______________________________day of____________________________________, 2025. ___________________________________________ Speaker of the House Signed this _______________________________day of____________________________________, 2025. SENATE BILL NO. 305 INTRODUCED BY M. CUFFE AN ACT GENERALLY REVISING FUNERAL TRUST LAWS; REQUIRING FUNERAL TRUST FUNDS TO COMPLY WITH THE PRUDENT INVESTOR RULE; AND AMENDING SECTION 37-19-828, MCA.