43-2-6. Qualified ownership of property defined.
The ownership of property is qualified:
(1)When it is shared with one or more persons;
(2)When the time of enjoyment is deferred or limited; or
(3)When the use is restricted.
Source: CivC 1877, §173; CL 1887, §2689; RCivC 1903, §196; RC 1919, §266; SDC 1939, §51.0209.