South Dakota Codified Laws 7-30-6. Form of lease–Entire quarter section leased where water right jeopardized
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The form of the lease shall be such as may have been prescribed by the board of county commissioners, provided, whenever the leasing of a legal subdivision of less than one quarter section containing a water privilege or right shall jeopardize the leasing price of the remaining acreage of said quarter section, no lease of a legal subdivision shall be granted to the lessee unless the lessee shall lease the entire quarter section.
Terms Used In South Dakota Codified Laws 7-30-6
- 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: SL 1937, ch 86, § 4; SDC 1939, § 12.2214.