A grant may be deposited by the grantor with a third person, to be delivered on the performance of a condition, and on delivery by the depository, it will take effect. While in the possession of the third person and subject to condition, it is called an escrow.
S.D. Codified Laws § 43-4-11
Escrow delivery of grant
Applied in 2 court decisions — leading case Hartman v. Wood (1989)
Most recently applied in In Re the Estate of Rosenbaum (April 2001)
Source: CivC 1877, § 609; CL 1887, § 3232; RCivC 1903, § 925; RC 1919, § 527; SDC 1939, § 51.1306.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.