Return of payments required on revocation under contract with guaranteed price.

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55-11-5.1. Return of payments required on revocation under contract with guaranteed price.

A person who revokes a revocable trust under a contract providing a guaranteed price is entitled to receive one hundred percent of all money paid into trust under the contract together with one hundred percent of accrued interest unless a greater amount is specified in the contract.

Source: SL 1981, ch 355, §3; SL 1986, ch 408, §4.


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