No. Montana law does not require HOAs or condominium associations to perform reserve studies, fund reserves, or disclose reserve levels. The Montana Unit Ownership Act (MCA Title 70, ch. 23), which governs condominiums, defines common expenses for maintenance, repair, and replacement of common elements but imposes no reserve mandate, and Montana's HOA-specific statute (MCA 70-17-901) addresses only use restrictions.
Verified against the statute 2026-07-06
No Montana association type faces a reserve mandate. The Unit Ownership Act covers condominiums; planned-community HOAs are governed mainly by their covenants, MCA 70-17-901, and (if incorporated) the Montana Nonprofit Corporation Act.
No statutory cycle — Montana law never mentions reserve studies.
No minimum funding level and no waiver mechanism exist in statute. Reserve contributions are a board and governing-document decision, subject to directors' general duty of care under nonprofit corporation law.
No statutory reserve disclosure to owners or buyers. Any obligation to report reserve balances comes from the association's declaration or bylaws, not state law.
Defines condominium 'common expenses' as expenses of administration, maintenance, repair, or replacement of common elements; the Act contains no reserve-study, reserve-funding, or reserve-disclosure provision.
Montana's principal HOA-specific statute (enacted via SB 300, 2021); it bars associations from imposing more onerous use restrictions without an owner's written consent and says nothing about reserves or budgets.
Independently re-verified on the official mca.legmt.gov site: fetched MCA 70-23-102 (confirmed the common-expense definition in subsection (5), no reserve language) and 70-17-901 (use restrictions only), and additionally swept the full Title 70 ch. 23 parts index plus the Part 6 (Conveyances, Liens, and Common Expenses) section list — no section addresses reserves, reserve studies, or budgets. Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in Montana. Report an issue.
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