Montana Statutes
§ 82-10-201 — Authorization For Lease And Terms -- Land Not Subject To Leasing
Montana·Title 82 MINERALS, OIL, AND GAS·Ch. 10 OIL AND GAS -- GENERAL PROVISIONS·Part 2 Lease of Local Government Land
82-10-201 . Authorization for lease and terms -- land not subject to leasing. The governing body of any county, city, town, school district, or incorporated political subdivision within the state of Montana may, if in the best interests of the county, city, town, school district, or incorporated political subdivision, lease any real property owned by the county, city, town, school district, or incorporated political subdivision for oil and gas development purposes. Such leases shall be made upon the best terms obtainable, shall provide for such terms, except as hereinafter provided, as the governing body shall consider to be for the best interests of the county, city, town, school district, or incorporated political subdivision, shall reserve a royalty of not less than 12 1/2% which shall
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Legislative History
En. Sec. 1, Ch. 131, L. 1953; R.C.M. 1947, 60-701; amd. Sec. 6, Ch. 201, L. 1979.
Nearby Sections
15
§ 82-10-101
Action For Accounting For Royalty§ 82-10-102
Remedy Not Exclusive§ 82-10-105
Through 82-10-109 Reserved§ 82-10-110
Division Order -- Definition -- Effect§ 82-10-202
Acreage Pooling§ 82-10-204
Lease Of Acquired Oil And Gas Interests§ 82-10-301
Definitions§ 82-10-302
Policy§ 82-10-305
Proceedings