South Dakota Statutes

§ 43-15A-1 — Definition of terms.

South Dakota·Title 43 PROPERTY·Ch. 43-15A CONDOMINIUMS

Terms as used in this chapter mean:

(1)"Commission," the South Dakota Real Estate Commission;
(2)"Co - owner," any person, firm, corporation, limited liability company, partnership, association, trust, or legal entity, or any combination thereof who owns a condominium within the project;
(3)"Council of co - owners," all co - owners of the condominium;
(4)"Master deed" or "master lease," the deed or lease recording the property of the condominium;
(5)"Project," the entire parcel of real property divided or to be divided into condominiums, including all structures on the property;
(6)"Property," land whether leasehold or fee simple and the buildings or building, all improvements and structures on the land and all easements, rights and appurtenances belonging to the la

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Legislative History

SL 1975, ch 270, § 1; SL 1986, ch 302, § 79; SL 1994, ch 351, § 101.

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