Escrow & Title
In South Dakota, 'concurrent ownership' of real property means:
AOne person owns the property for a concurrent life estate and fee simple interest simultaneously
BTwo or more people own the property at the same time✓ Correct
CThe owner holds both the surface and mineral rights concurrently
DThe property is used for multiple purposes at the same time
Explanation
Concurrent ownership means two or more persons hold title to the same property at the same time. The major forms of concurrent ownership in South Dakota include tenancy in common (no right of survivorship) and joint tenancy (with right of survivorship).
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