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Mont. Code Ann. § 72-16-491

(1997)

Lien for additional tax attributable to farm and closely held business property

(1) In the case of any interest in qualified real property within the meaning of 72-16-331(16), an amount equal to the adjusted tax difference attributable to such interest within the meaning of 72-16-338(3) is a lien in favor of the state on the property in which such interest exists.

(2) The lien imposed by this section shall arise at the time an election is filed under 72-16-333 and continues with respect to any interest in the qualified real property until:

(a) the liability for tax under 72-16-338 with respect to such interest has been satisfied or has become unenforceable by reason of lapse of time; or

(b) until it is established to the satisfaction of the department that no further tax liability may arise under 72-16-338 with respect to such interest.

(3) Sections 72-16-477, 72-16-479, and 72-16-480 apply with respect to a lien imposed by this section.

Official Annotations archive.org, 1997 edition
History:
En. Sec. 40, Ch. 705, L. 1979
Amd. Sec. 24, Ch. 511, L. 1983