In all cases where an absolute power of disposition is given not accompanied by any trust and no remainder is limited on the estate of the holder of the power, he is entitled to an absolute fee.

Terms Used In South Dakota Codified Laws 43-11-20

  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.

Source: CivC 1877, § 338; CL 1887, § 2854; RCivC 1903, § 361; RC 1919, § 428; SDC 1939, § 59.0441.