20-2-4. Kinds and definition of conditions.
Conditions may be precedent, concurrent, or subsequent. A condition precedent is one which is to be performed before some right dependent thereon accrues, or some act dependent thereon is performed. Conditions concurrent are those which are mutually dependent, and are to be performed at the same time. A condition subsequent is one referring to a future event, upon happening of which the obligation becomes no longer binding upon the other party, if he chooses to avail himself of the condition.
Source: CivC 1877, §§805 to 808; CL 1887, §§3428 to 3431; RCivC 1903, §§1121 to 1124; RC 1919, §§728 to 731; SDC 1939, §47.0108.
Structure South Dakota Codified Laws
Title 20 - Personal Rights and Obligations
Chapter 02 - Conditional Obligations
Section 20-2-1 - Conditional obligation defined.
Section 20-2-2 - Impossible or unlawful condition void.
Section 20-2-3 - Strict interpretation of condition involving forfeiture.
Section 20-2-4 - Kinds and definition of conditions.
Section 20-2-5 - Fulfillment of conditions before requiring performance.
Section 20-2-6 - Performance of conditions waived by notice of nonperformance by other party.