South Dakota Codified Laws 43-9-5. Contingent remainder in fee created on prior remainder in fee
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A contingent remainder in fee may be created on a prior remainder in fee, to take effect in the event that the persons to whom the first remainder is limited die under the age of twenty–one years, or upon any other contingency by which the estate of such persons may be determined before they attain majority.
Terms Used In South Dakota Codified Laws 43-9-5
- 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, § 229; CL 1887, § 2745; RCivC 1903, § 252; RC 1919, § 322; SDC 1939, § 51.0413.