South Dakota Codified Laws 21-52-21. Amounts payable on partial redemptions
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If there has been a partial redemption as provided by § 21-52-13, redemptioners are not required to pay to the owner, mortgagor, or judgment creditor any sum paid by him on such partial redemption; but they are required to pay such sum to any other redemptioner, who shall have a partial redemption.
Terms Used In South Dakota Codified Laws 21-52-21
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
Source: SL 1949, ch 142, § 11; SDC Supp 1960, § 37.5611.