FOR AN ACT ENTITLED, An Act to limit the terms of certain conservation easements.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 1-19B-57 be amended to read as follows:
1-19B-57. A conservation easement may be created, conveyed, recorded, assigned, released,
modified, terminated, or otherwise altered or affected in the same manner as other easements.
The term of the conservation easement shall be established by the parties to the easement.
However, no conservation easement created after July 1, 2012, may be for a period of more than
thirty years. No right or duty in favor of or against a holder and no right in favor of a person
having a third-party right of enforcement arises under a conservation easement before its
acceptance by the holder and recording the acceptance. An interest in real property in existence
at the time a conservation easement is created is not impaired by it unless the owner of the
interest is a party to the conservation easement or consents to it.
180 copies were printed on recycled paper by the South Dakota
Legislative Research Council at a cost of $.063 per page.
|
.
|
Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.
|