Section 43-4-20 - Definition of terms.
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.