Montana § 70-17-405 Wind Option Agreements -- Contents And Requirements -- Notarization

Montana Statutes

§ 70-17-405 — Wind Option Agreements -- Contents And Requirements -- Notarization

Montana·Title 70 PROPERTY·Ch. 17 SERVITUDES, EASEMENTS, AND COVENANTS RUNNING WITH THE LAND·Part 4 Wind Energy Easements

70-17-405 . Wind option agreements -- contents and requirements -- notarization.

(1)A wind option agreement executed after April 21, 2011, must contain but is not limited to:

(a)the names and addresses of the parties to the wind option agreement;

(b)a legal description of the real property subject to the wind option agreement;

(c)the specified term beyond which the wind option agreement terminates and the real property is released from the obligations outlined in the wind option agreement;

(d)compensation for the owner of the real property on and over which the wind resource flows; and

(e)other terms and conditions agreed upon by the owner of the real property and the wind energy developer.

(2)A wind option agreement must be notarized.

(3)A wind option agreement may not exceed 20 y

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70-17-405 . Wind option agreements -- contents and requirements -- notarization. (1) A wind option agreement executed after April 21, 2011, must contain but is not limited to:
(a) the names and addresses of the parties to the wind option agreement;
(b) a legal description of the real property subject to the wind option agreement;
(c) the specified term beyond which the wind option agreement terminates and the real property is released from the obligations outlined in the wind option agreement;
(d) compensation for the owner of the real property on and over which the wind resource flows; and
(e) other terms and conditions agreed upon by the owner of the real property and the wind energy developer.
(2) A wind option agreement must be notarized.
(3) A wind option agreement may not exceed 20 years unless extended by agreement of the parties.

Montana § 70-17-405 (Wind Option Agreements -- Contents And Requirements -- Notarization) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.