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standing timber

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standing timber

Timber that has not been cut or sold.Standing timber is considered part of the real estate.In some states,once a landowner signs a contract to sell the timber,it becomes personal property even if it has not yet been cut. As a result, a sale of the real property after the timber contract will not include the timber.



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The following season, but later in, once again, the now second row of standing timber (now about 6 inches thick) is harvested.
Revolving around the slogan "Mississippi trees for Mississippi homes," Forests for Humanity allows forest landowners, public agencies, and members of the timber and lumber industry to donate portions of standing timber or ready-to-use wood to Habitat for Humanity projects.
The company has said it plans to restate its financial statements for the years 2002 through 2004, for the third quarter of 2002, and for each quarter in 2003 and 2004 because of an overstatement in the carrying value of the company's inventory of third-party purchases of standing timber used to supply its Ola sawmill.
 
 
 
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