43-12-1. Covenants running with land defined.
Certain covenants contained in grants of estates in real property are appurtenant to such estates and pass with them so as to bind the assigns of the covenantor, and to vest in the assigns of the covenantee, in the same manner as if they had personally entered into them. Such covenants are said to run with the land.
Source: CivC 1877, §819; CL 1887, §3443; RCivC 1903, §1136; RC 1919, §743; SDC 1939, §51.0423.