Dispositions of the income of property, to accrue and to be received at any time subsequent to the execution of the instrument creating such disposition, are governed by the rules prescribed in this title, in relation to future interests.

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Source: CivC 1877, § 204; CL 1887, § 2720; RCivC 1903, § 227; RC 1919, § 297; SDC 1939, § 51.0302.