77-2-323. Sale procedure and limitation.
145 words·~1 min read·
/mt/title-77/chapter-2/part-3/77-2-323·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
77-2-323 . Sale procedure and limitation.
(1)At the time fixed for the sale, state land must be offered for sale at auction in the order that the land appears in the notice of sale. Under the direction of the department, the state land must be sold to the highest qualified bidder. State land may not be sold for less than the value determined by the board after appraisal by a qualified land appraiser.
(2)The state land must be sold as nearly as practicable according to the subdivisions in which it is advertised, and care must be taken not to subdivide any tract in such a way as to separate remaining portions from a water supply or from section lines or public highways.
(3)The sale may be adjourned from day to day until all the state land advertised has been offered for sale.