Section 43-3-21 - Perpetual or limited interest in property--Duration of enjoyment

43-3-21. Perpetual or limited interest in property--Duration of enjoyment.In respect to the time of enjoyment, an interest in property is either perpetual or limited.A perpetual interest has a duration equal to that of the property.A limited interest has a duration less than that of the property. Source: CivC 1877, §§180, 183, 184; CL 1887, §§2696, 2699, 2700; RCivC 1903, §§203, 206, 207; RC 1919, §§276, 277; SDC 1939, §51.0215.