South Dakota Statutes
§ 43-15A-1 — Definition of terms.
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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South Dakota § 43-15A-1 (Definition of terms.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1975, ch 270, § 1; SL 1986, ch 302, § 79; SL 1994, ch 351, § 101.
Nearby Sections
15
§ 43-1-1
Property defined.§ 43-1-2
Classes of property.§ 43-1-4
Land as solid material of earth.§ 43-1-6
Law governing real property.§ 43-1-7
Law governing personal property.§ 43-10-13
Repealed§ 43-11-10
Power in trust defined.§ 43-11-11
General power in trust defined.§ 43-11-12
Special power in trust defined.§ 43-11-13
Capacity to create power.§ 43-11-14
Manner of creating power.§ 43-11-15
Vesting of power.