S.D. Codified Laws § 43-4-20

Current through the 2024 Legislative Session

Section 43-4-20 - Definition of terms

Terms used in §§ 43-4-20 to 43-4-26, inclusive, mean:

(1) "Consideration," any type of property or thing of legal value, whether delivered in the past, present, or to be delivered in the future. The term includes like-kind exchanges of property;

(2) "Deed," any instrument for the purpose of transferring or conveying the fee title to real property;

(3) "Register," the register of deeds of any county in the State of South Dakota; and

(4) "Value," in the case of any deed not a gift, the amount of the full consideration therefor paid, or to be paid.

SDCL 43-4-20

SL 1968, ch 27, § 1; SL 1987, ch 314; SL 2007, ch 248, §1.