TITLE 77. STATE LANDS

CHAPTER 2. TRANSFERS AND RESERVATIONS OF PROPERTY INTERESTS

Part 3. Sales

Computation Of Interest And Payment Schedule

77-2-330. Computation of interest and payment schedule. The balance of the purchase price shall draw interest from the date on which the sale was confirmed and approved by the board, and all installments on principal and interest shall become due and payable on that date in each succeeding year until payment has been made in full.

History: En. Sec. 86, Ch. 60, L. 1927; re-en. Sec. 1805.86, R.C.M. 1935; R.C.M. 1947, 81-922.