South Dakota Codified Laws 1-19B-56. Conservation easements–Definitions
Terms used in §§ 1-19B-56 to 1-19B-60, inclusive, mean:
(1) “Conservation easement,” a nonpossessory interest of a holder in real property imposing limitations or affirmative obligations the purposes of which include retaining or protecting natural or open–space values of real property, assuring its availability for agricultural, forest, recreational, or open–space use, protecting natural resources, maintaining or enhancing air or water quality, or preserving the historical, architectural, archaeological, paleontological or cultural aspects of real property;
Terms Used In South Dakota Codified Laws 1-19B-56
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) “Holder”:
(a) A governmental body empowered to hold an interest in real property under the laws of this state or the United States; or
(b) A charitable corporation, charitable association or charitable trust, the purposes or powers of which include retaining or protecting the natural or open–space values of real property, assuring the availability of real property for agricultural, forest, recreational or open–space use, protecting natural resources, maintaining or enhancing air or water quality, or preserving the historical, architectural, archaeological, paleontological, or cultural aspects of real property;
(3) “Third–party right of enforcement,” a right provided in a conservation easement to enforce any of its terms granted to a governmental body, charitable corporation, charitable association, or charitable trust, which, although eligible to be a holder, is not a holder.
Source: SL 1984, ch 280, § 1.