36.25.802 : LAND BANKING TRANSACTION COSTS - Administrative Rules of the State of Montana

36.25.802 LAND BANKING TRANSACTION COSTS

(1) The department may not be compensated for transaction costs of services performed by department staff.

(2) The department shall:

(a) maintain a record of each transaction; and

(b) summarize transaction costs at the completion of each sale or acquisition.

(3) Transaction costs as outlined in ARM 36.25.807(2) or 36.25.808(7) shall be paid by the nominator or the purchaser, respectively.

History: 77-2-362, MCA; IMP, 77-2-362, MCA; NEW, 2004 MAR p. 2399, Eff. 10/8/04; AMD, 2011 MAR p. 2414, Eff. 11/11/11.

MAR Notices

Effective From

Effective To

History Notes

36-22-151

11/11/2011

Current

History: 77-2-362, MCA; IMP, 77-2-362, MCA; NEW, 2004 MAR p. 2399, Eff. 10/8/04; AMD, 2011 MAR p. 2414, Eff. 11/11/11.

10/8/2004

11/11/2011

History: 77-2-362, MCA; IMP, 77-2-362, MCA; NEW, 2004 MAR p. 2399, Eff. 10/8/04.