Definition of terms--Author of power--Holder of power.

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43-11-5. Definition of terms--Author of power--Holder of power.

The author of a power as the term is used in this chapter is the person by whom a power is created, whether by grant or devise; and the holder of a power is the person in whom the power is vested, whether by grant, devise, or reservation.

Source: CivC 1877, §299; CL 1887, §2815; RCivC 1903, §322; RC 1919, §391; SDC 1939, §59.0404.


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