7-8-2514. Reservations of interest by county. (1) When granting a lease for oil, gas, or other mineral exploration or development, the board may reserve to the county a royalty interest as fixed by agreement between the board and the lessee.
(2) In trading, exchanging, or selling such lands, the board may make such reservations in favor of the county as the board considers proper, including but not limited to reserving to the county of any or all oil, gas, or other mineral or royalty interests; sand, gravel, clay, or other material; rights-of-way or easements for roads, utility lines, and other purposes or uses.
History: En. 84-4192.1 by Sec. 3, Ch. 540, L. 1975; R.C.M. 1947, 84-4192.1(part).
Structure Montana Code Annotated
Chapter 8. Acquisition, Transfer, and Management of Property and Buildings
Part 25. Classification and Alternative Management of County Lands
7-8-2510. Special provisions relating to oil and gas development
7-8-2513. Appraisal of land required -- exception -- challenge -- restrictions
7-8-2514. Reservations of interest by county
7-8-2515. Apportionment and distribution of revenue from land
7-8-2516. through 7-8-2518 reserved
7-8-2519. Acquisition of real property
7-8-2520. Appraisal required for certain purchases of real property or conservation easements
7-8-2522. Exchange or donation of real property -- appraisal required