Montana § 15-24-1202 - Taxable Interests In State And Other Exempt Property -- Assessment
Full text of Montana Montana Code Annotated § 15-24-1202 — Taxable Interests In State And Other Exempt Property -- Assessment, with citation guidance and answers to common questions.
§ 15-24-1202. Taxable Interests In State And Other Exempt Property -- Assessment
Taxable interests in state and other exempt property -- assessment. When such property is held under a contract of sale or other agreement whereby on certain payment or payments the legal title is or may be acquired by such person, such property shall be assessed to such person and taxed without deduction on account of the whole or any part of the purchase price or other sum due on such property remaining unpaid, provided that the lien for such tax neither attach to, impair, nor be enforced against any interest of the state of Montana or any department, agency, or subdivision thereof.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 15-24-1202
What does Montana Code Annotated § 15-24-1202 cover?
Section 15-24-1202 ("Taxable Interests In State And Other Exempt Property -- Assessment") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 15-24-1202?
A common citation format is "Montana Code Annotated § 15-24-1202" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 15-24-1202 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.