S.D. Codified Laws § 43-3-21

Current through the 2024 Legislative Session

Section 43-3-21 - Perpetual or limited interest in property-Duration of enjoyment

In respect to the time of enjoyment, an interest in property is either perpetual or limited.

A perpetual interest has a duration equal to that of the property.

A limited interest has a duration less than that of the property.

SDCL 43-3-21

CivC 1877, §§ 180, 183, 184; CL 1887, §§ 2696, 2699, 2700; RCivC 1903, §§ 203, 206, 207; RC 1919, §§ 276, 277; SDC 1939, § 51.0215.