§3649. Valuation
The articles of agreement, or the amendment, shall provide for the determination of the value of the property to be acquired in one or more of the following ways:
[PL 1981, c. 693, §§ 5, 8 (NEW).]
1.
In articles of agreement.
A valuation set forth in the articles of agreement or the amendment.
[PL 1981, c. 693, §§ 5, 8 (NEW).]
2.
Appraisal.
By appraisal, in which case, one appraiser shall be appointed by each commissioner, and a third appraiser appointed by the first 2 appraisers.
[PL 1981, c. 693, §§ 5, 8 (NEW).]
SECTION HISTORY
PL 1981, c. 693, §§5,8 (NEW).