South Dakota Codified Laws 43-9-2. Limitation of future estate
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A future estate may be limited by the act of the party to commence in possession at a future day, either without the intervention of a precedent estate, or on the termination, by lapse of time or otherwise, of a precedent estate created at the same time.
Terms Used In South Dakota Codified Laws 43-9-2
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
Source: CivC 1877, § 224; CL 1887, § 2740; RCivC 1903, § 247; RC 1919, § 317; SDC 1939, § 51.0408.