Transfer of real property to one for money paid by another--Trust presumed.

1. Law
2. South Dakota Codified Laws
3. Fiduciaries and Trusts
4. Classification And Creation Of Trusts
5. Transfer of real property to one for money paid by another--Trust presumed.

55-1-10. Transfer of real property to one for money paid by another--Trust presumed.

When a transfer of real property is made to one person and the consideration therefor is paid by or for another, a trust is presumed to result in favor of the person by or for whom such payment is made.

Source: SDC 1939, §59.0102 (4).

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