43-4-20. Definition of terms.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. Source: SL 1968, ch 27, §1; SL 1987, ch 314; SL 2007, ch 248, §1.
South Dakota Legal Code