Section 43-3-7 - Present or future interest--Time of enjoyment--Right to possession of property

43-3-7. Present or future interest--Time of enjoyment--Right to possession of property.In respect to the time of enjoyment, an interest in property is either present or future.A present interest entitles the owner to the immediate possession of the property.A future interest entitles the owner to the possession of the property only at a future period. Source: CivC 1877, §§180 to 182; CL 1887, §§2696 to 2698; RCivC 1903, §§203 to 205; RC 1919, §§273 to 275; SDC 1939, §51.0215.