The ownership of property is qualified:

1. (1) When it is shared with one or more persons;
2. (2) When the time of enjoyment is deferred or limited; or
3. (3) When the use is restricted.

Source: CivC 1877, § 173; CL 1887, § 2689; RCivC 1903, § 196; RC 1919, § 266; SDC 1939, § 51.0209.