South Dakota Codified Laws 21-48-19. Certificate of sale given to purchaser–Contents–Execution and recording
The officer making such real estate mortgage foreclosure sale shall give to the purchaser a certificate of sale, containing:
(1) A recital of the fact of the sale, stating the time and place, and the name of the purchaser;
Terms Used In South Dakota Codified Laws 21-48-19
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) A particular description of the real property sold;
(3) The price bid for each distinct lot or parcel;
(4) The whole price paid; which certificate must be executed and acknowledged and shall be recorded in the office of the register of deeds where the mortgage is recorded within ten days from the date of sale, and shall have the same validity and effect as a certificate of sale of real property under execution.
Source: CCivP 1877, § 606; CL 1887, § 5420; RCCivP 1903, § 645; SL 1907, ch 189; RC 1919, § 2886; SL 1925, ch 222; SDC 1939, § 37.3008; SL 1949, ch 141, § 1.