<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-3-7 - Present or future interest--Time of enjoyment--Right to possession of property. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2064960Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2064960SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2064960CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2064960Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2064960DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2064960Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2064960000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2064960SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2064960SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2064960Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-3-7"><span class="s2064960SENU">43-3-7</span></a><span xml:space="preserve" class="s2064960SENU">. </span><span class="s2064960CL">Present or future interest--Time of enjoyment--Right to possession of property.</span></p><p dir="ltr" class="s2064960Normal-000000"><span class="s2064960DefaultParagraphFont">In respect to the time of enjoyment, an interest in property is either present or future.</span></p><p dir="ltr" class="s2064960Normal-000001"><span class="s2064960DefaultParagraphFont">A present interest entitles the owner to the immediate possession of the property.</span></p><p dir="ltr" class="s2064960Normal-000001"><span class="s2064960DefaultParagraphFont">A future interest entitles the owner to the possession of the property only at a future period.</span></p><p dir="ltr" class="s2064960Normal"><span xml:space="preserve" class="s2064960000002"> </span></p><p dir="ltr" class="s2064960Normal"><span class="s2064960SCL">Source:</span><span xml:space="preserve" class="s2064960SCL-000003"> CivC 1877, §§ 180 to 182; CL 1887, §§ 2696 to 2698; RCivC 1903, §§ 203 to 205; RC 1919, §§ 273 to 275; SDC 1939, § 51.0215.</span></p></div></body></html>