South Dakota Codified Laws 43-11-13. Capacity to create power
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No person is capable of creating a power who is not at the same time capable of granting some estate in the property to which the power relates.
Terms Used In South Dakota Codified Laws 43-11-13
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: CivC 1877, § 307; CL 1887, § 2823; RCivC 1903, § 330; RC 1919, § 399; SDC 1939, § 59.0412.