South Dakota Codified Laws 44-3-6. Subrogation of inferior lien holder
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One who has a lien inferior to another upon the same property has a right to be subrogated to all the benefits of the superior lien when necessary for the protection of his interests upon satisfying the claim secured thereby.
Terms Used In South Dakota Codified Laws 44-3-6
- 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 2; CL 1887, § 4339, subdiv 2; RCivC 1903, § 2035, subdiv 2; RC 1919, § 1540 (2); SDC 1939, § 39.0117 (2).