Teton County Substitution of Trustee-for Trust Indenture/Deed of Trust Forms (Montana)

Form Package

Substitution of Trustee-for Trust Indenture/Deed of Trust

State

Montana

Area

Teton County

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Included Forms

All Teton County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Montana and Teton County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Substitution of Trustee-for Trust Indenture/Deed of Trust Forms:

• Teton County

Including:

• Bynum
• Choteau
• Dutton
• Fairfield
• Pendroy
• Power

What is the Montana Substitution of Trustee-for Trust Indenture/Deed of Trust

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.

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The documents you receive here will meet, or exceed, the Teton County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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