Section 1 Long term interests; treatment as freeholder
[Section effective until July 1, 2011. Repealed by 2008, 521, Sec. 5. See 2008, 521, Sec. 44.]
Section 1. If land is demised for the term of one hundred years or more, the term shall, so long as fifty years thereof remain unexpired, be regarded as an estate in fee simple as to everything concerning the descent and devise thereof, upon the decease of the owner, the right of dower as defined in section one of chapter one hundred and eighty-nine therein, the sale thereof by executors, administrators, guardians, conservators or trustees, the levy of execution thereon, and the redemption thereof if mortgaged or taken on execution; and whoever holds as lessee or assignee under such a lease shall, so long as fifty years of the term remain unexpired, be regarded as a freeholder for all purposes.