1. MCA Contents
  2. TITLE 77
  3. CHAPTER 2
  4. Part 3
  5. 77-2-329 Terms of payment

TITLE 77. STATE LANDS

CHAPTER 2. TRANSFERS AND RESERVATIONS OF PROPERTY INTERESTS

Part 3. Sales

Terms Of Payment

77-2-329. Terms of payment. (1) A purchaser of state land shall pay on the day of sale that portion of the purchase price that the purchaser desires, but not less than 10% of the total sales price. If the balance on the purchase price is not an exact multiple of $25, the purchaser shall pay the additional sum that is necessary to reduce the balance to an even multiple of $25.

(2) The purchaser shall pay the balance of the purchase price within 30 days. The department may extend this deadline up to 30 additional days for good cause.

History: En. Sec. 79, Ch. 60, L. 1927; re-en. Sec. 1805.79, R.C.M. 1935; amd. Sec. 1, Ch. 149, L. 1939; amd. Sec. 8, Ch. 257, L. 1965; amd. Sec. 10, Ch. 22, L. 1971; amd. Sec. 59, Ch. 428, L. 1973; amd. Sec. 1, Ch. 191, L. 1974; R.C.M. 1947, 81-915; amd. Sec. 1, Ch. 104, L. 1987; amd. Sec. 1, Ch. 488, L. 1991; amd. Sec. 2548, Ch. 56, L. 2009.