Section 10-40-19 - Removal of charge against estate taxed as transfer from original donor. - South Dakota Statutes

10-40-19. Removal of charge against estate taxed as transfer from original donor. Whenever any property shall hereafter be transferred subject to any charge, estate, or interest determinable by the death of any person, or at any period ascertainable only by reference to death, the increase accruing to any person or corporation upon the extinction or determination of such charge, estate, or interest shall be deemed a transfer of property taxable under the provisions of this chapter, in the same manner as though the person or corporation beneficially entitled thereto had then acquired such increase from the person from whom the title to their respective estates or interests is derived.

Source: SL 1915, ch 217, § 12; RC 1919, § 6846; SDC 1939, § 57.2323.