77-1-909. Cancellation or termination of commercial lease. A commercial lease may be canceled at the option of the board or its designated representative for any violation of a lease provision. Upon cancellation or termination of a lease, the department may seek a new lessee in accordance with this part. If the costs of the commercial development have not been recovered by the state at the time of cancellation or termination, a subsequent lessee under this section shall reimburse the state for development costs, assessments, or fees only to the extent that the proportionate part of the costs, assessments, and fees to the state for obtaining the development have not been recovered.
History: En. Sec. 9, Ch. 404, L. 2003.
Structure Montana Code Annotated
Chapter 1. Administration of State Lands
Part 9. Commercial Leasing of State Trust Land
77-1-901. Declaration of policy and purpose
77-1-903. Authority of board to determine development
77-1-904. Commercial leasing authorized
77-1-906. Requirements for commercial lease -- improvements
77-1-907. Qualifications for commercial lessees -- bonds
77-1-908. Land use license issuance following reclassification
77-1-909. Cancellation or termination of commercial lease
77-1-910. Encumbrance on leased land