South Dakota Codified Laws 43-11-17. Effect of reservation of absolute power of revocation by grantor–Rights of creditors andpurchasers
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Where the grantor in any conveyance reserves to himself for his own benefit an absolute power of revocation, such grantor is still to be deemed the absolute owner of the estate conveyed so far as the rights of creditors and purchasers are concerned.
Terms Used In South Dakota Codified Laws 43-11-17
- Grantor: The person who establishes a trust and places property into it.
Source: CivC 1877, § 341; CL 1887, § 2857; RCivC 1903, § 364; RC 1919, § 431; SDC 1939, § 59.0444.