Subdivision 1. Terms. For purposes of sections 222.631 and 222.632, the following terms have the meanings given them.
Subd. 2. Fair market value. "Fair market value" means the price negotiated between the parties under section 222.632, or the market value of the property minus the value of any leasehold improvements, as determined by independent appraisers.
Subd. 3. Leaseholder. "Leaseholder" means a person who holds a lease, license, or permit with respect to property within a right-of-way, and who has erected eligible leasehold improvements on the property with a total fair market value of $7,500 or more.
Subd. 3a. Nonrailroad lessor. "Nonrailroad lessor" means one who has granted to a lessee an interest in property within a right-of-way and who is neither (1) an operator of a railroad on the right-of-way, nor (2) an owner of a controlling interest in or under common control with a railroad that operates on the right-of-way.
Subd. 4. Railroad interest. "Railroad interest" includes a railroad corporation, its trustee or successor in interest, a railroad corporation which is in proceedings for bankruptcy under federal law, and a nonrailroad holding corporation that owns a controlling interest in a railroad.
Subd. 5. Right-of-way. "Right-of-way" has the meaning given it in section 222.63, subdivision 1.
Subd. 6. [Renumbered subd 3a]
1986 c 398 art 14 s 1; 1989 c 212 s 1; 2002 c 379 art 1 s 59
Structure Minnesota Statutes
Chapter 222 — Railroad Commerce And Property
Section 222.01 — Air Rights Affecting Public Service Company.
Section 222.025 — Right-of-way, Easement, Procedure.
Section 222.05 — Municipal Transfer Of Public Land.
Section 222.26 — Right-of-way Over Public Way.
Section 222.27 — Power To Acquire Property.
Section 222.29 — Contractor's Bond; Liability Of Company.
Section 222.30 — Liability Of Company After Notice.
Section 222.33 — Office In State.
Section 222.34 — Land Grant Railroad Company.
Section 222.36 — Power Of Eminent Domain In Certain Cases.
Section 222.37 — Public Road; Use, Restriction.
Section 222.46 — Rail Service Improvement Act; Purpose.
Section 222.49 — Rail Service Improvement Accounts; Appropriation.
Section 222.50 — Rail Service Improvement Program.
Section 222.51 — Participation By Political Subdivision.
Section 222.52 — Cooperation Between States.
Section 222.53 — Acceptance Of Federal Money.
Section 222.54 — Access To Information.
Section 222.545 — Advocacy Of Improved Service.
Section 222.55 — Rail User And Rail Carrier Loan Guarantee Program; Purpose.
Section 222.57 — Rail User And Rail Carrier Loan Guarantee Account.
Section 222.58 — Insurance Of Loan.
Section 222.59 — Investment Of Funds.
Section 222.60 — Maximum Amount Of Insurance Issued.
Section 222.62 — Cooperation Of Other State Agencies.
Section 222.63 — Abandoned Right-of-way; State Rail Bank.
Section 222.631 — Definitions.
Section 222.632 — Right Of First Refusal.
Section 222.64 — Employment Preference.
Section 222.86 — Acquisition Reporting And Disclosure.