South Dakota Codified Laws 44-3-5. Inferior lien holder–Right to redeem
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One who has a lien inferior to another upon the same property has a right to redeem the property in the same manner as its owner might from the superior lien.
Terms Used In South Dakota Codified Laws 44-3-5
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: CivC 1877, § 1715, subdiv 1; CL 1887, § 4339, subdiv 1; RCivC 1903, § 2035, subdiv 1; RC 1919, § 1540 (1); SDC 1939, § 39.0117 (1).