Terms used in §§ 43-4-20 to 43-4-26, inclusive, mean:

1. (1) "Consideration," any type of property or thing of legal value, whether delivered in the past, present, or to be delivered in the future. The term includes like-kind exchanges of property;
2. (2) "Deed," any instrument for the purpose of transferring or conveying the fee title to real property;
3. (3) "Register," the register of deeds of any county in the State of South Dakota; and
4. (4) "Value," in the case of any deed not a gift, the amount of the full consideration therefor paid, or to be paid.

Source: SL 1968, ch 27 , § 1; SL 1987, ch 314 ; SL 2007, ch 248 , § 1.