§ 34-39-5. Release of restriction.
(a) Subject to the express terms of a conservation or preservation restriction: a restriction
held by the state may be released in the same manner as land held by the state may
be sold under chapter 7 of title 37; a restriction held by cities and towns may be released in the same manner as land
held by cities and towns may be sold under § 45-2-5; and a restriction held by any other governmental body may be released in accordance
with applicable statutes, regulations, and procedures.
(b) A charitable corporation, association, or other entity holding a restriction may release
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§ 34-39-5. Release of restriction.
(a) Subject to the express terms of a conservation or preservation restriction: a restriction
held by the state may be released in the same manner as land held by the state may
be sold under chapter 7 of title 37; a restriction held by cities and towns may be released in the same manner as land
held by cities and towns may be sold under § 45-2-5; and a restriction held by any other governmental body may be released in accordance
with applicable statutes, regulations, and procedures.
(b) A charitable corporation, association, or other entity holding a restriction may release
that restriction in accordance with the express terms of a restriction, applicable
bylaws, or charter provisions of the holding entity, and applicable statutes and regulations.
(c) A conservation or preservation restriction may not be terminated or amended in such
a manner as to materially detract from the conservation or preservation values intended
for protection without the prior approval of the court in an action in which the attorney
general has been made a party. Termination may be approved only when it is found by
the court that the conservation or preservation restriction does not serve the public
interest or publicly beneficial conservation or preservation purpose, taking into
account, among other things, the purposes expressed by the parties in the restriction.
An amendment that materially detracts from a specific conservation or preservation
value intended for protection may be approved only when it is found by the court that
the proposed amendment: is between a separate distinct conservation or preservation
restriction holder and the fee landowner; creates a net gain in the overall conservation
or preservation purpose for which it was intended; and is consistent with the conservation
or preservation purposes expressed by the parties in the restriction and the public
conservation or preservation interest. No such approval may be sought except with
the consent of the holder. If the value of the landowner's estate is increased by
reason of the amendment or termination of a conservation or preservation restriction,
that increase shall be paid over to the holder, or to such nonprofit or governmental
entity as the court may designate, to be used for the protection of conservation lands
or historic resources consistent, as nearly possible, with the stated publicly beneficial
conservation or preservation purposes of the restriction.