South Dakota Codified Laws 21-54-1. Remedy available where no other summary procedure provided
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In all cases where no other procedure is provided for summary foreclosure of any personal property lien, or pledge, the same may be foreclosed as hereinafter provided in this chapter.
Terms Used In South Dakota Codified Laws 21-54-1
- 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
- Lien: A claim against real or personal property in satisfaction of a debt.
Source: SDC 1939 & Supp 1960, § 37.3401.