Property Ownership
Fee simple defeasible in South Dakota is an ownership interest that:
AExpires after 99 years by operation of law
BCan be terminated if a specified condition is violated✓ Correct
COnly allows commercial uses of the property
DIs available only to nonprofit organizations
Explanation
Fee simple defeasible (also called fee simple conditional or fee simple subject to condition subsequent) is an ownership that can be terminated if a condition is violated, causing title to revert to the grantor.
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