44-8-12. Defeasance, to effect grant absolute on its face, must be recorded.
When a grant of real property purports to be an absolute conveyance, but is intended to be defeasible on the performance of certain conditions, such grant is not defeated or affected as against any person other than the grantee, or his heirs, or devisees, or persons having actual notice, unless an instrument of defeasance, duly executed and acknowledged, shall have been recorded in the office of the register of deeds of the county where the property is situated.
Source: CivC 1877, §1740; CL 1887, §4371; RCivC 1903, §2071; RC 1919, §1575; SDC 1939, §39.0307.