Montana § 70-29-415 Report Of Open-Market Sale

Montana Statutes

§ 70-29-415 — Report Of Open-Market Sale

Montana § 70-29-415

Title 70PROPERTY

Ch. 29PARTITION OF REAL PROPERTY

Part 4Uniform Partition of Heirs Property Act

This text of Montana § 70-29-415 (Report Of Open-Market Sale) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 70-29-415 (2026).

Text

70-29-415 . Report of open-market sale.

(1)Unless required to do so within a shorter time by any other law of this state, a broker appointed under 70-29-412 (2) to offer heirs property for open-market sale shall file a report with the court not later than 7 days after receiving an offer to purchase the property for at least the value determined under 70-29-410 or 70-29-414 .

(2)The report required by subsection (1) must contain the following information:

(a)a description of the property to be sold to each buyer;

(b)the name of each buyer;

(c)the proposed purchase price;

(d)the terms and conditions of the proposed sale, including the terms of any owner financing;

(e)the amounts to be paid to lienholders;

(f)a statement of contractual or other arrangements or conditions of the broker

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70-29-415 . Report of open-market sale. (1) Unless required to do so within a shorter time by any other law of this state, a broker appointed under 70-29-412 (2) to offer heirs property for open-market sale shall file a report with the court not later than 7 days after receiving an offer to purchase the property for at least the value determined under 70-29-410 or 70-29-414 .
(2) The report required by subsection (1) must contain the following information:
(a) a description of the property to be sold to each buyer;
(b) the name of each buyer;
(c) the proposed purchase price;
(d) the terms and conditions of the proposed sale, including the terms of any owner financing;
(e) the amounts to be paid to lienholders;
(f) a statement of contractual or other arrangements or conditions of the broker's commission; and
(g) other material facts relevant to the sale.