Grantor may reserve power in conveyance

The grantor in any conveyance may reserve to himself any power, beneficial or in trust, which he might lawfully grant to another; and every power thus reserved is subject to the provisions of this chapter in the same manner as if granted to another. Source: CivC 1877, § 310; CL 1887, § 2826; RCivC 1903, § 333; RC 1919, § 402; SDC 1939, § 59.0415.