43-6-1. Income of property defined. The income of property, as the term is used in this title, includes the rents and profits of real property, the interest of money, dividends upon stock, and other produce of personal property. Source: CivC 1877, §215; CL 1887, §2731; RCivC 1903, §238; RC 1919, §308; SDC 1939, §51.0301.
43-6-2. Disposition of income from future interests. Dispositions of the income of property, to accrue and to be received at any time subsequent to the execution of the instrument creating such disposition, are governed by the rules prescribed in this title, in relation to future interests. Source: CivC 1877, §204; CL 1887, §2720; RCivC 1903, […]
43-6-3. Valid limitation of future interest–Suspension of power of alienation or ownership–Right to undisposed income. When, in consequence of a valid limitation of future interest, there is a suspension of the power of alienation or of the ownership, during the continuation of which the income is undisposed of, and no valid direction for its accumulation […]
43-6-7. Accumulation of trust income. No provision directing or authorizing accumulation of trust income is invalid. This section is effective and applies to trust instruments whenever created or executed. Source: SL 2012, ch 233, §26; SL 2013, ch 239, §14.
