43-12-3. Parties bound by covenants running with land. A covenant running with the land binds those only who acquire the whole estate of the covenantor in all or some part of the property.
Source: CivC 1877, § 824; CL 1887, § 3448; RCivC 1903, § 1141; RC 1919, § 748; SDC 1939, § 51.0425.