South Dakota Codified Laws 43-9-3. Reversion, definition
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A reversion is the residue of an estate left by operation of law in the grantor or his successors or in the successors of a testator commencing in possession on the determination of a particular estate granted or devised.
Terms Used In South Dakota Codified Laws 43-9-3
- Grantor: The person who establishes a trust and places property into it.
- Testator: A male person who leaves a will at death.
Source: CivC 1877, § 225; CL 1887, § 2741; RCivC 1903, § 248; RC 1919, § 318; SDC 1939, § 51.0409.