43-32-2. Limited term of lease--Agricultural land--Municipal lots.
61 words·~1 min read·
/sd/title-43/chapter-43-32/43-32-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No lease or grant of agricultural land for a longer period than twenty years, in which shall be reserved any rent or service of any kind, shall be valid.
No lease or grant of any municipal lot for a longer period than ninety - nine years, in which shall be reserved any rent or service of any kind, shall be valid.