South Dakota Codified Laws 43-25-3. Conclusiveness of grant of estate in real property–Exception
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Every grant of an estate in real property is conclusive against the grantor and everyone subsequently claiming under him, except a purchaser or encumbrancer who, in good faith, and for a valuable consideration, acquires a title or lien by an instrument that is first duly recorded.
Terms Used In South Dakota Codified Laws 43-25-3
- Grantor: The person who establishes a trust and places property into it.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: CivC 1877, § 629; CL 1887, § 3250; RCivC 1903, § 943; RC 1919, § 551; SDC 1939, § 51.1410.