Limited term of lease--Agricultural land--Municipal lots.

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  2. South Dakota Codified Laws
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  5. Limited term of lease--Agricultural land--Municipal lots.

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43-32-2. Limited term of lease--Agricultural land--Municipal lots.

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.

Source: CivC 1877, §203; CL 1887, §2719; RCivC 1903, §226; RC 1919, §296; SL 1921, ch 277; SDC 1939, §38.0403; SL 1977, ch 343; SL 1992, ch 60, §2.


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