Section 43-3-19 - Future interest not defeated by determination of precedent interest. - South-dakota Statutes

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43-3-19. Future interest not defeated by determination of precedent interest. No future interest, valid in its creation, is defeated by the determination of the precedent interest before the happening of the contingency on which the future interest is limited to take effect; but should such contingency afterwards happen, the future interest takes effect in the same manner, and to the same extent, as if the precedent interest had continued to the same period.

Source: CivC 1877, § 214; CL 1887, § 2730; RCivC 1903, § 237; RC 1919, § 307; SDC 1939, § 51.0230.

State Codes and Statutes

Statutes > South-dakota > Title-43 > Chapter-03 > Statute-43-3-19

43-3-19. Future interest not defeated by determination of precedent interest. No future interest, valid in its creation, is defeated by the determination of the precedent interest before the happening of the contingency on which the future interest is limited to take effect; but should such contingency afterwards happen, the future interest takes effect in the same manner, and to the same extent, as if the precedent interest had continued to the same period.

Source: CivC 1877, § 214; CL 1887, § 2730; RCivC 1903, § 237; RC 1919, § 307; SDC 1939, § 51.0230.

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State Codes and Statutes

Statutes > South-dakota > Title-43 > Chapter-03 > Statute-43-3-19

43-3-19. Future interest not defeated by determination of precedent interest. No future interest, valid in its creation, is defeated by the determination of the precedent interest before the happening of the contingency on which the future interest is limited to take effect; but should such contingency afterwards happen, the future interest takes effect in the same manner, and to the same extent, as if the precedent interest had continued to the same period.

Source: CivC 1877, § 214; CL 1887, § 2730; RCivC 1903, § 237; RC 1919, § 307; SDC 1939, § 51.0230.