55-1A-13. Leases by trustees.
41 words·~1 min read·
/sd/title-55/chapter-55-1/55-1a-13A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A trustee may enter into a lease as lessor or lessee, with or without an option to purchase or renew, even if the term of the lease or renewal thereof, or of the option, extends beyond the term of the trust.