Present or future interest--Time of enjoyment--Right to possession of property.

  1. Law
  2. South Dakota Codified Laws
  3. Property
  4. Present And Future Interests In Property
  5. Present or future interest--Time of enjoyment--Right to possession of property.

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43-3-7. Present or future interest--Time of enjoyment--Right to possession of property.

In respect to the time of enjoyment, an interest in property is either present or future.

A present interest entitles the owner to the immediate possession of the property.

A future interest entitles the owner to the possession of the property only at a future period.

Source: CivC 1877, §§180 to 182; CL 1887, §§2696 to 2698; RCivC 1903, §§203 to 205; RC 1919, §§273 to 275; SDC 1939, §51.0215.


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