Montana Code 70-30-313. Current fair market value

70-30-313. Current fair market value. Current fair market value is the price that would be agreed to by a willing and informed seller and buyer, taking into consideration, but not limited to, the following factors:

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Terms Used In Montana Code 70-30-313

Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.

(1)the highest and best reasonably available use and its value for such use, provided current use may not be presumed to be the highest and best use;

(2)the machinery, equipment, and fixtures forming part of the real estate taken; and

(3)any other relevant factors as to which evidence is offered.

Part 3 Contents