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Codified Laws

43-4-20Definition of terms.

Terms used in §§ 43-4-20 to 43-4-26, inclusive, mean:

(1)    "Consideration," any type of property or thing of legal value, whether delivered in the past, present, or to be delivered in the future. The term includes like-kind exchanges of property;

(2)    "Deed," any instrument for the purpose of transferring or conveying the fee title to real property;

(3)    "Register," the register of deeds of any county in the State of South Dakota; and

(4)    "Value," in the case of any deed not a gift, the amount of the full consideration therefor paid, or to be paid.

Source: SL 1968, ch 27, § 1; SL 1987, ch 314; SL 2007, ch 248, § 1.