77-1-910. Encumbrance on leased land. (1) An encumbrance may not be placed upon the state's interest in land leased for commercial purposes.
(2) A commercial lease of state trust land may contain provisions that will permit the encumbering of the lessee's interest in the lease by mortgage or deed of trust.
History: En. Sec. 10, 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