Montana Substitution of Trustee-for Trust Indenture/Deed of Trust
County Forms
Where is the property located?
Beaverhead CountyBig Horn CountyBlaine CountyBroadwater CountyCarbon CountyCarter CountyCascade CountyChouteau CountyCuster CountyDaniels CountyDawson CountyDeer Lodge CountyFallon CountyFergus CountyFlathead CountyGallatin CountyGarfield CountyGlacier CountyGolden Valley CountyGranite CountyHill CountyJefferson CountyJudith Basin CountyLake CountyLewis And Clark CountyLiberty CountyLincoln CountyMadison CountyMccone CountyMeagher CountyMineral CountyMissoula CountyMusselshell CountyPark CountyPetroleum CountyPhillips CountyPondera CountyPowder River CountyPowell CountyPrairie CountyRavalli CountyRichland CountyRoosevelt CountyRosebud CountySanders CountySheridan CountySilver Bow CountyStillwater CountySweet Grass CountyTeton CountyToole CountyTreasure CountyValley CountyWheatland CountyWibaux CountyYellowstone CountySubstitution of Trustee-for Trust Indenture/Deed of Trust for Real Estate Located in Montana
In this form the current beneficiary/lender appoints a new trustee/successor trustee in place of the current trustee for a Trust Indenture/Deed of Trust.
71-1-306. Qualifications of trustee -- successor trustee.
(1) The trustee of a trust indenture under this part must be:
(a) an attorney who is licensed to practice law in Montana;
(b) a bank, trust company, or savings and loan association authorized to do business in Montana under the laws of Montana or the United States; or
(c) a title insurer or title insurance producer or agency authorized to do business in Montana under the laws of Montana.
(2) The beneficiary may appoint a successor trustee at any time by filing for record, in the office of the clerk and recorder of each county in which the trust property or some part of the trust property is situated, a substitution of trustee. The substitution must identify the trust indenture by stating the names of the original parties to the trust indenture and the date of recordation and the book and page where the information is recorded, must state the name and mailing address of the new trustee, and must be executed and acknowledged by all of the beneficiaries designated in the trust indenture or their successors in interest. From the time the substitution is filed for record, the new trustee is vested with all the power, duties, authority, and title of the trustee named in the trust indenture and of any successor trustee.
(Montana SOT Package includes form, guidelines, and completed example) For use in Montana only.