Minnesota § 222.631 - DEFINITIONS
Full text of Minnesota Minnesota Statutes § 222.631 — DEFINITIONS, with citation guidance and answers to common questions.
§ 222.631. DEFINITIONS
Subdivision 1.Terms.
For purposes of sections 222.631 and 222.632, the following terms have the meanings given them.
Subd. 2.Fair market value.
"Fair market value" means the price negotiated between the parties under section 222.632, or the market value of the property minus the value of any leasehold improvements, as determined by independent appraisers.
Subd. 3.Leaseholder.
"Leaseholder" means a person who holds a lease, license, or permit with respect to property within a right-of-way, and who has erected eligible leasehold improvements on the property with a total fair market value of $7,500 or more.
Subd. 3a.Nonrailroad lessor.
"Nonrailroad lessor" means one who has granted to a lessee an interest in property within a right-of-way and who is neither (1) an operator of a railroad on the right-of-way, nor (2) an owner of a controlling interest in or under common control with a railroad that operates on the right-of-way.
Subd. 4.Railroad interest.
"Railroad interest" includes a railroad corporation, its trustee or successor in interest, a railroad corporation which is in proceedings for bankruptcy under federal law, and a nonrailroad holding corporation that owns a controlling interest in a railroad.
Subd. 5.Right-of-way.
"Right-of-way" has the meaning given it in section 222.63, subdivision 1.
Subd. 6.
[Renumbered subd 3a]
History:
1986 c 398 art 14 s 1; 1989 c 212 s 1; 2002 c 379 art 1 s 59
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 222.631
What does Minnesota Statutes § 222.631 cover?
Section 222.631 ("DEFINITIONS") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 222.631?
A common citation format is "Minnesota Statutes § 222.631" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 222.631 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.