South Dakota Codified Laws 21-52-11. Minimum time allowed for redemption–Exception for short-term redemptionmortgage
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All persons entitled to redeem shall in all cases have one year from the date of sale in which to redeem, except as to any one hundred eighty day redemption mortgage given either prior to or subsequent to July 1, 1977.
Terms Used In South Dakota Codified Laws 21-52-11
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Source: SL 1949, ch 142, § 12; SDC Supp 1960, § 37.5612 (1); SL 1979, ch 157, § 2.