South Dakota Codified Laws 44-9-3. Vendee authorized to improve land sold under executory contract–Forfeiture orsurrender of contract after attachment of liens for improvements–Liability of vendor
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Whenever land is sold under an executory contract authorizing the vendee to improve the same, and such contract is forfeited or surrendered after liens have attached by reason of such improvements, the title of the vendor shall be subject thereto, but he shall not be personally liable if the contract was made in good faith.
Terms Used In South Dakota Codified Laws 44-9-3
- Contract: A legal written agreement that becomes binding when signed.
Source: SL 1913, ch 263, § 5; RC 1919, § 1647; SDC 1939, § 39.0706.