43-4-20. Definition of terms.
97 words·~1 min read·
/sd/title-43/chapter-43-4/43-4-20A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.