South Dakota Codified Laws 43-11-19. Effect of absolute power of disposition given to person to whom no particular estate islimited–Rights of creditors, purchasers, and encumbrancers
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Where an absolute power of disposition not accompanied by any trust is given to any person to whom no particular estate is limited, such person also takes a fee subject to any future estate that may be limited thereon but absolute in favor of creditors, purchasers, and encumbrancers.
Terms Used In South Dakota Codified Laws 43-11-19
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: CivC 1877, § 337; CL 1887, § 2853; RCivC 1903, § 360; RC 1919, § 427; SDC 1939, § 59.0440.