Section 43-3-13 - Creation of future interests to take effect in the alternative. - South-dakota Statutes

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43-3-13. Creation of future interests to take effect in the alternative. Two or more future interests may be created to take effect in the alternative, so that, if the first in order fails to vest, the next in succession shall be substituted for it, and take effect accordingly.

Source: CivC 1877, § 188; CL 1887, § 2704; RCivC 1903, § 211; RC 1919, § 281; SDC 1939, § 51.0218.

State Codes and Statutes

Statutes > South-dakota > Title-43 > Chapter-03 > Statute-43-3-13

43-3-13. Creation of future interests to take effect in the alternative. Two or more future interests may be created to take effect in the alternative, so that, if the first in order fails to vest, the next in succession shall be substituted for it, and take effect accordingly.

Source: CivC 1877, § 188; CL 1887, § 2704; RCivC 1903, § 211; RC 1919, § 281; SDC 1939, § 51.0218.

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State Codes and Statutes

Statutes > South-dakota > Title-43 > Chapter-03 > Statute-43-3-13

43-3-13. Creation of future interests to take effect in the alternative. Two or more future interests may be created to take effect in the alternative, so that, if the first in order fails to vest, the next in succession shall be substituted for it, and take effect accordingly.

Source: CivC 1877, § 188; CL 1887, § 2704; RCivC 1903, § 211; RC 1919, § 281; SDC 1939, § 51.0218.