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.