# Mont. Code Ann. § 53-25-110: 53-25-110 Qualified and nonqualified withdrawals -- rulemaking

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-110

## Section

- **Citation:** Mont. Code Ann. § 53-25-110
- **Heading:** 53-25-110 Qualified and nonqualified withdrawals -- rulemaking
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 53 / Chapter 25 / Part 1 / Section 53-25-110

## Text

53-25-110 . Qualified and nonqualified withdrawals -- rulemaking. (1) A designated beneficiary or agent may withdraw all or part of the balance from an account under rules prescribed by the department. The rules must be used to help the department or program administrator to determine whether a withdrawal is a nonqualified withdrawal or a qualified withdrawal to the extent that the department concludes that it is necessary for the department or program administrator to make that determination.

(2) Upon the death of a designated beneficiary, any amount remaining in the account must be distributed pursuant to section 529A(f) of the Internal Revenue Code, 26 U.S.C. 529A(f).

(3) A designated beneficiary or agent may request a nonqualified withdrawal at any time. Nonqualified withdrawals are subject to a federal additional tax pursuant to section 529A of the Internal Revenue Code, 26 U.S.C. 529A.

(4) If a distribution is made from an account to any person or for the benefit of any person during a calendar year, the distribution must be reported to the internal revenue service and to the designated beneficiary or agent to the extent required by federal law.

## Nearby sections

- [Mont. Code Ann. § 53-25-101 53-25-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-101.md)
- [Mont. Code Ann. § 53-25-102 53-25-102 Purpose](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-102.md)
- [Mont. Code Ann. § 53-25-103 53-25-103 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-103.md)
- [Mont. Code Ann. § 53-25-104 53-25-104 Program administration -- rulemaking](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-104.md)
- [Mont. Code Ann. § 53-25-105 53-25-105 Program oversight committee -- membership -- powers and duties](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-105.md)
- [Mont. Code Ann. § 53-25-109 53-25-109 Program requirements -- application -- establishment of account -- contributions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-109.md)
- [Mont. Code Ann. § 53-25-110 53-25-110 Qualified and nonqualified withdrawals -- rulemaking](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-110.md)
- [Mont. Code Ann. § 53-25-111 53-25-111 Changes in designated beneficiary](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-111.md)
- [Mont. Code Ann. § 53-25-112 53-25-112 Selection of financial institution as program manager -- contract -- termination](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-112.md)
- [Mont. Code Ann. § 53-25-113 53-25-113 Limitations](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-113.md)
- [Mont. Code Ann. § 53-25-117 53-25-117 Deductions for contributions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-117.md)
- [Mont. Code Ann. § 53-25-118 53-25-118 Tax on certain withdrawals of deductible contributions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-118.md)
- [Mont. Code Ann. § 53-25-119 53-25-119 Access to records](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-119.md)
- [Mont. Code Ann. § 53-25-120 53-25-120 Account not counted as resource](https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-120.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T53_C25_P1_S53-25-110. Check the current official text before relying on it. Not legal advice.