South Dakota Codified Laws 21-19-20. Disputed valuation of homestead–Demand for appraisal
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If the debtor is the owner of a homestead as defined by law, the creditor may take issue with the valuation thereof claimed by the debtor. If the debtor owns such homestead, but has not made a claim for exemptions, or has not valued such homestead in such claim, the creditor may at any time file and serve upon the debtor a demand for appraisal of such homestead.
Terms Used In South Dakota Codified Laws 21-19-20
- Appraisal: A determination of property value.
- Claim: means a claim of exemptions as provided in this chapter. See South Dakota Codified Laws 21-19-1
- Creditor: means a person for whose benefit any such process is used. See South Dakota Codified Laws 21-19-1
- Debtor: means a person on whose property levy has been made. See South Dakota Codified Laws 21-19-1
Source: SDC 1939 & Supp 1960, § 37.4906.