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

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.