Montana § 69-14-931 Definitions

Montana Statutes

§ 69-14-931 — Definitions

Montana·Title 69 PUBLIC UTILITIES AND CARRIERS·Ch. 14 RAILROADS·Part 9 Grain and Commodity Storage and Transportation

69-14-931 . Definitions. As used in 69-14-932 and this section, the following definitions apply:

(1)"Fair market value" means:

(a)the price negotiated between the parties under 69-14-932 ; or

(b)the appraised value as determined by a certified appraisal under 69-14-932 .

(2)"Leaseholder" means a person who holds a lease or permit with respect to land adjacent to a railroad right-of-way and who has constructed or owns buildings on the land that have an appraised value of $5,000 or more.

(3)"Right-of-way" means land upon which a railroad has or has had tracks.

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69-14-931 . Definitions. As used in 69-14-932 and this section, the following definitions apply:
(1) "Fair market value" means:
(a) the price negotiated between the parties under 69-14-932 ; or
(b) the appraised value as determined by a certified appraisal under 69-14-932 .
(2) "Leaseholder" means a person who holds a lease or permit with respect to land adjacent to a railroad right-of-way and who has constructed or owns buildings on the land that have an appraised value of $5,000 or more.
(3) "Right-of-way" means land upon which a railroad has or has had tracks.

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