43-11-27. Mortgage by owner of life estate having power to make leases does not extinguish or suspend the power.
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/sd/title-43/chapter-43-11/43-11-27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A mortgage executed by the owner of a life estate having a power to make leases by virtue of any beneficial power, does not extinguish or suspend the power, but the power is bound by the mortgage in the same manner as the real property embraced therein.