69-14-1101. Definitions. As used in this part, the following definitions apply: (1) ”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. […]
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: (1) file a notice of intent and other information, as described in 69-14-1103, with the attorney general and […]
69-14-1103. Notice of intent. (1) The notice of intent filed in accordance with 69-14-1102 must contain: (a) a complete and accurate description of the identities of the buyer and seller; and (b) a thorough description of the railroad line to be transferred. (2) A general description of the terms of the proposed transaction and any labor agreements must be […]
