South Dakota Codified Laws > Title 44 > Chapter 1 – Definitions and General Provisions


§ 44-1-1	Lien defined
§ 44-1-2	Classification of liens–Definition of terms–General lien–Special lien
§ 44-1-3	Application of general statutes to liens–Exception
§ 44-1-4	Creation of lien–Contract–Operation of law
§ 44-1-5	Security for performance of future obligations–Creation of lien
§ 44-1-6	Agreement to create lien on future interest–Attachment of lien
§ 44-1-7	Lien or contract of lien transfers no title to property
§ 44-1-8	Forfeiture of property to satisfy obligation secured by lien or restraint of right ofredemption void
§ 44-1-9	Obligation to perform not implied from lien
§ 44-1-10	Lien limited to specified obligation
§ 44-1-11	Lien holder not entitled to compensation from owner for expenses incurred respecting lien–Exception
§ 44-1-12	Destruction, disposal, or removal of personal property subject to security interest asfelony

Contract: A legal written agreement that becomes binding when signed.
Grantor: The person who establishes a trust and places property into it.
Lien: A claim against real or personal property in satisfaction of a debt.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2