South Dakota Codified Laws 43-2-16. Interest in common defined
Current as of: 2023 | Check for updates
|
Other versions
An interest in common is one owned by several persons not in joint ownership or partnership.
Terms Used In South Dakota Codified Laws 43-2-16
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Source: CivC 1877, § 178; CL 1887, § 2694; RCivC 1903, § 201; RC 1919, § 271; SDC 1939, § 51.0214.