12:3-49.Ā  Re-entry under covenant by board on behalf of state when rent unpaid Where a riparian lease, the rentals of which are unpaid for the space of oneĀ  year, contains a covenant or condition that upon nonpayment of the yearly rentĀ  or sum reserved at the time or times fixed for the payment thereof, the stateĀ  may re-enter and possess the lands described in the lease, the board may enterĀ  upon said lands, and in the name and on behalf of the state, take possessionĀ  thereof.
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