Section 43-25-16 - Condition precedent in grant of real property--Performance necessary to pass estate.

43-25-16. Condition precedent in grant of real property--Performance necessary to pass estate. An instrument purporting to be a grant of real property, to take effect upon condition precedent, passes the estate upon the performance of the condition.

Source: CivC 1877, § 633, subdiv 3; CL 1887, § 3254, subdiv 3; RCivC 1903, § 947, subdiv 3; RC 1919, § 555 (3); SDC 1939, § 51.1414 (3).