South Dakota Codified Laws 43-42-2. Transfer and survivorship–Violation of right of property or obligation
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A thing in action arising out of the violation of a right of property or out of an obligation may be transferred by the owner. Upon the death of the owner it passes to his personal representatives except where in the cases provided by law it passes to his devisees or successor in office.
Terms Used In South Dakota Codified Laws 43-42-2
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: CivC 1877, § 361; CL 1887, § 2877; RCivC 1903, § 384; RC 1919, § 472; SDC 1939, § 51.0803; SL 1945, ch 213.