No one, merely by reason of having acquired an estate subject to a covenant running with the land, is liable for breach of the covenant before he acquired the estate, or after he has parted with it or ceased to enjoy its benefits.

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Source: CivC 1877, § 825; CL 1887, § 3449; RCivC 1903, § 1142; RC 1919, § 749; SDC 1939, § 51.0427.