85-6-104. Assessment of shares of stock. The assessable stock of any such water users' association may at the time of any assessment made, after the major portion of such irrigation project is completed and the irrigable area thereunder determined, be one share for each irrigable acre, and appropriate bylaws of the association may provide for the discharge of assessments levied on stock appurtenant to lands then determined to be nonirrigable.
History: En. Sec. 2, Ch. 29, L. 1915; re-en. Sec. 7163, R.C.M. 1921; re-en. Sec. 7163, R.C.M. 1935; R.C.M. 1947, 89-1104.
Structure Montana Code Annotated
Chapter 6. Water Users' Associations
85-6-101. Power to levy new assessments
85-6-102. Assessments to be equitable
85-6-103. Transfer of shares of stock
85-6-104. Assessment of shares of stock
85-6-105. Division of irrigation project into districts
85-6-106. Vacancies in board of directors
85-6-107. Liability of associations
85-6-108. Exemption from payment of fees
85-6-109. Operation of projects with water users' association -- definitions