43-2-7. Public or private ownership of property--State as private proprietor.
All property in this state has an owner, whether that owner is the United States or the state, and the property public; or the owner an individual, and the property private. The state may also hold property as a private proprietor.
Source: CivC 1877, §168; CL 1887, §2684; RCivC 1903, §191; RC 1919, §261; SDC 1939, §51.0202.