North Dakota § 60-06-15 Application to existing leaseholds

North Dakota Statutes

§ 60-06-15 — Application to existing leaseholds

North Dakota·Title 60 Warehousing and Deposits·Ch. 60-06 Public Warehouses on Railroad Right of Way

The provisions of this chapter apply to the renewal or sale of existing leaseholds on railroad
rights of way, and to existing leaseholds on lands that have ceased to be used for railroad rights
of way after the leasehold was first created, and so long thereafter as the lease site remains
under the ownership or control of the railroad or an entity that was or is under common
ownership or control of the railroad. The value of a leaseholder's improvements may not be
considered in determining annual rental or the gross sum for the right, privilege, and easement
sought.

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The provisions of this chapter apply to the renewal or sale of existing leaseholds on railroad
rights of way, and to existing leaseholds on lands that have ceased to be used for railroad rights
of way after the leasehold was first created, and so long thereafter as the lease site remains
under the ownership or control of the railroad or an entity that was or is under common
ownership or control of the railroad. The value of a leaseholder's improvements may not be
considered in determining annual rental or the gross sum for the right, privilege, and easement
sought.

North Dakota § 60-06-15 (Application to existing leaseholds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.