Montana § 77-6-202 - Lease By Competitive Bidding -- Full Market Value Required
Full text of Montana Montana Code Annotated § 77-6-202 — Lease By Competitive Bidding -- Full Market Value Required, with citation guidance and answers to common questions.
§ 77-6-202. Lease By Competitive Bidding -- Full Market Value Required
Lease by competitive bidding -- full market value required. When the department receives an application to lease an unleased tract, it shall advertise for bids on the tract. The tract must be leased to the highest bidder unless the board determines that the bid is not in the state's best interest for the reasons set forth in 77-6-205 (2). The board may not accept a bid that is below full market value. If the high bid is rejected, the board shall set forth the reasons for the rejection in writing. The lease may be issued, at a rental rate to be determined by the board, to the first bidder who is willing to pay the board-determined rate whose name is selected through a random selection process from all bidders on the tract.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 77-6-202
What does Montana Code Annotated § 77-6-202 cover?
Section 77-6-202 ("Lease By Competitive Bidding -- Full Market Value Required") 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 § 77-6-202?
A common citation format is "Montana Code Annotated § 77-6-202" (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 § 77-6-202 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.