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Rule Title: LAND BANKING TRANSACTION COSTS
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Department: NATURAL RESOURCES AND CONSERVATION
Chapter: STATE LAND LEASING
Subchapter: Land Banking
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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36.25.802    LAND BANKING TRANSACTION COSTS

(1) The department may not be compensated for transaction costs of services performed by department staff.

(2) The department shall:

(a) maintain a record of each transaction; and

(b) summarize transaction costs at the completion of each sale or acquisition.

(3) Transaction costs as outlined in ARM 36.25.807(2) or 36.25.808(7) shall be paid by the nominator or the purchaser, respectively.

History: 77-2-362, MCA; IMP, 77-2-362, MCA; NEW, 2004 MAR p. 2399, Eff. 10/8/04; AMD, 2011 MAR p. 2414, Eff. 11/11/11.


 

 
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