Montana § 77-1-909 Cancellation Or Termination Of Commercial Lease

Montana Statutes

§ 77-1-909 — Cancellation Or Termination Of Commercial Lease

Montana § 77-1-909

Title 77STATE LANDS

Ch. 1ADMINISTRATION OF STATE LANDS

Part 9Commercial Leasing of State Trust Land

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Bluebook

Mont. Code Ann. § 77-1-909 (2026).

Text

77-1-909 . Cancellation or termination of commercial lease. A commercial lease may be canceled at the option of the board or its designated representative for any violation of a lease provision. Upon cancellation or termination of a lease, the department may seek a new lessee in accordance with this part. If the costs of the commercial development have not been recovered by the state at the time of cancellation or termination, a subsequent lessee under this section shall reimburse the state for development costs, assessments, or fees only to the extent that the proportionate part of the costs, assessments, and fees to the state for obtaining the development have not been recovered.

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77-1-909 . Cancellation or termination of commercial lease. A commercial lease may be canceled at the option of the board or its designated representative for any violation of a lease provision. Upon cancellation or termination of a lease, the department may seek a new lessee in accordance with this part. If the costs of the commercial development have not been recovered by the state at the time of cancellation or termination, a subsequent lessee under this section shall reimburse the state for development costs, assessments, or fees only to the extent that the proportionate part of the costs, assessments, and fees to the state for obtaining the development have not been recovered.