South Dakota Statutes
§ 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.
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South Dakota § 43-6-3 (Valid limitation of future interest--Suspension of power of alienation or ownership--Right to undisposed income.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
CivC 1877, § 210; CL 1887, § 2726; RCivC 1903, § 233; RC 1919, § 303; SDC 1939, § 51.0303.
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Repealed§ 43-11-10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.