§ 69-14-1101

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. (2) 'Labor organization' means any organization or association of any kind in which employees participate and that exists for the primary purpose of dealing with employers concerning grievances, labor disputes, wages, rates of pay, hours of employment, fringe benefits, or other conditions of employment. (3) 'Seller' means a person, corporation, association, or business entity that transfers a line of railroad by sale, lease, or other agreement. (4) 'Transaction' means the limited purchase, sale, or transfer of part of a line of railroad that will be operated by a common rail carrier. History: En. Sec. 1, Ch. 653, L. 1987.