43-25-3. Conclusiveness of grant of estate in real property--Exception.

Every grant of an estate in real property is conclusive against the grantor and everyone subsequently claiming under him, except a purchaser or encumbrancer who, in good faith, and for a valuable consideration, acquires a title or lien by an instrument that is first duly recorded.

Source: CivC 1877, § 629; CL 1887, § 3250; RCivC 1903, § 943; RC 1919, § 551; SDC 1939, § 51.1410.