Montana § 77-4-126 - Royalties And Rentals
Full text of Montana Montana Code Annotated § 77-4-126 — Royalties And Rentals, with citation guidance and answers to common questions.
§ 77-4-126. Royalties And Rentals
Royalties and rentals. Geothermal leases shall be issued at an annual rental of not less than $1 per acre, payable in advance and/or a royalty which shall not be less than 10% of the amount or value of steam or other forms of heat or energy derived from the production under the lease and sold or utilized by the lessee or reasonably susceptible to sale or utilization by the lessee and not more than 5% of any byproduct derived from production under the lease and sold or utilized or reasonably susceptible of sale or utilization by the lessee.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 77-4-126
What does Montana Code Annotated § 77-4-126 cover?
Section 77-4-126 ("Royalties And Rentals") 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 § 77-4-126?
A common citation format is "Montana Code Annotated § 77-4-126" (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 § 77-4-126 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.