South Dakota Codified Laws 43-25-18. Grant made on condition subsequent defeated by nonperformance of condition
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Where a grant is made upon condition subsequent, and is subsequently defeated by the nonperformance of the condition, the person otherwise entitled to hold under the grant must reconvey the property to the grantor or his successors, by grant duly acknowledged for record.
Terms Used In South Dakota Codified Laws 43-25-18
- Grantor: The person who establishes a trust and places property into it.
- 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, § 633, subdiv 5; CL 1887, § 3254, subdiv 5; RCivC 1903, § 947, subdiv 5; RC 1919, § 555 (5); SDC 1939, § 51.1414 (5).