South Dakota Codified Laws 43-9-9. Estate for life cannot be limited as a remainder on a term of years–Exception
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No estate for life can be limited as a remainder on a term of years, except to a person in being at the creation of such estate.
Terms Used In South Dakota Codified Laws 43-9-9
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- 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, § 234; CL 1887, § 2750; RCivC 1903, § 257; RC 1919, § 327; SDC 1939, § 51.0418.