Encumbrance on leased land

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77-1-910. Encumbrance on leased land. (1) An encumbrance may not be placed upon the state's interest in land leased for commercial purposes.

(2) A commercial lease of state trust land may contain provisions that will permit the encumbering of the lessee's interest in the lease by mortgage or deed of trust.

History: En. Sec. 10, Ch. 404, L. 2003.


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