Statutes, codes, and regulations
South Dakota Codified Laws
Title 43 - PROPERTY
Chapter 11 - REAL PROPERTY POWERS
Section 43-11-27 - Mortgage by owner of life estate having power to make leases does not extinguish or suspend the power

S.D. Codified Laws § 43-11-27

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Current through the 2024 Legislative Session
Section 43-11-27 - Mortgage by owner of life estate having power to make leases does not extinguish or suspend the power

A mortgage executed by the owner of a life estate having a power to make leases by virtue of any beneficial power, does not extinguish or suspend the power, but the power is bound by the mortgage in the same manner as the real property embraced therein.

SDCL 43-11-27

CivC 1877, § 346; CL 1887, § 2862; RCivC 1903, § 369; RC 1919, § 436; SDC 1939, § 59.0449.