A special and beneficial power is valid which is granted to the owner of a life estate in the property embraced in the power to make leases, commencing in possession during his life.
Terms Used In South Dakota Codified Laws 43-11-23
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: CivC 1877, § 342; CL 1887, § 2858; RCivC 1903, § 365; RC 1919, § 432; SDC 1939, § 59.0445.