Montana Code 69-14-1102. Conditions for transfer of line of railroad
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69-14-1102. Conditions for transfer of line of railroad. Thirty days prior to filing with the federal surface transportation board of an application to purchase, sell, or transfer any section of a line of railroad, the seller and buyer shall:
Terms Used In Montana Code 69-14-1102
- Buyer: means a person, corporation, association, business entity, labor organization, the state of Montana or any of its political subdivisions, or any other entity that acquires a line of railroad, by purchase, lease, or other agreement, to continue the commercial transportation of goods or passengers. See Montana Code 69-14-1101
- commission: means the public service commission provided for in 2-15-2602. See Montana Code 69-1-101
- railroad: means a corporation, company, or individual owning or operating a railroad in whole or in part in this state. See Montana Code 69-14-102
- Seller: means a person, corporation, association, or business entity that transfers a line of railroad by sale, lease, or other agreement. See Montana Code 69-14-1101
- Transaction: means the limited purchase, sale, or transfer of part of a line of railroad that will be operated by a common rail carrier. See Montana Code 69-14-1101
(1)file a notice of intent and other information, as described in 69-14-1103, with the attorney general and the commission; and
(2)require representatives to attend meetings, upon reasonable notice, with the attorney general and the commission to respond to questions and requests for information on the proposed transaction directly related to the requirements of 69-14-1103.