Montana Lands Excluded from the Operating Agreement For Pre 1989 Agreements

State:
Multi-State
Control #:
US-OG-708
Format:
Word; 
Rich Text
Instant download

Description

This is a paragraph that sets out the Agreement that will be in force should some of the lands covered in the original Agreement no longer be subject to the Agreement, due to the lands being acquired by one or more Parties.

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FAQ

The Montana Stream Access Law says that anglers, floaters and other recreationists in Montana have full use of most natural waterways between the high-water marks for fishing and floating, along with swimming and other river or stream-related activities.

After the Stream Protection Act of 1963 (made permanent in 1965), the state expanded stream habitat protection in 1975 with the Natural Streambed and Land Preservation Act. The new law re- quired private individuals and organizations to obtain a ?310 permit? before undertaking a project that would modify a stream.

The state of Montana does not require an LLC Operating Agreement, but it may still be recommended for many LLCs. Without an Operating Agreement, disputes are governed by the default LLC operating rules outlined in Montana law (MT CODE ANN § 35-8).

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Montana Lands Excluded from the Operating Agreement For Pre 1989 Agreements