South Dakota Codified Laws 40-23-25. Exemption of county land from usual leasing requirements–Leased tax deed landsnot subject to sale–Option for purchase by district
Current as of: 2023 | Check for updates
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A lease pursuant to § 40-23-24 shall not be subject to the provisions of chapter 7-30, and such lease may be for a period of not more than ten years, with the lands thus leased not subject to sale to other parties. The lease may contain a provision for the privilege of purchase by the incorporated grazing district at any time during the term of the lease at such appraised price as shall be determined at or prior to the origination of the lease.
Terms Used In South Dakota Codified Laws 40-23-25
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Source: SDC 1939, § 40.1808.