43-5-2. Future interests suspending absolute power of alienation beyond prescribed limitation void.
Every future interest is void which suspends the absolute power of alienation for a longer period than is prescribed in this code. A power of alienation is suspended when there are no persons in being by whom an absolute interest in possession can be conveyed.
Source: CivC 1877, §202; CL 1887, §2718; RCivC 1903, §225; RC 1919, §295; SDC 1939, §51.0232; SL 1983, ch 304, §7.