South Dakota Codified Laws 43-5-1. Absolute power of alienation–Suspension–Limitation
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The absolute power of alienation may not be suspended by any limitation or condition whatever for a longer period than during the continuance of the lives of persons in being plus a period of thirty years at the creation of the limitation or condition, except in the single case mentioned in § 43-9-5 relating to contingent fee remainder on a prior fee remainder.
Terms Used In South Dakota Codified Laws 43-5-1
- Continuance: Putting off of a hearing ot trial until a later time.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Source: CivC 1877, § 201; CL 1887, § 2717; RCivC 1903, § 224; RC 1919, § 294; SDC 1939, § 51.0231; SL 1983, ch 304, § 6.