2006 South Dakota Code - 43-3-10 — Vested future interest defined.

     43-3-10.   Vested future interest defined. A future interest is vested when there is a person in being who would have a right, defeasible or indefeasible, to the immediate possession of the property, upon the ceasing of the intermediate or precedent interest.

Source: CivC 1877, § 186; CL 1887, § 2702; RCivC 1903, § 209; RC 1919, § 279; SDC 1939, § 51.0217.

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