S.D. Codified Laws § 43-6-3

Current through the 2024 Legislative Session

Section 43-6-3 - Valid limitation of future interest-Suspension of power of alienation or ownership-Right to undisposed income

When, in consequence of a valid limitation of future interest, there is a suspension of the power of alienation or of the ownership, during the continuation of which the income is undisposed of, and no valid direction for its accumulation is given, such income belongs to the persons presumptively entitled to the next eventual interest.

SDCL 43-6-3

CivC 1877, § 210; CL 1887, § 2726; RCivC 1903, § 233; RC 1919, § 303; SDC 1939, § 51.0303.