South Dakota Codified Laws 44-9-43. Payment of judgment by lien holder personally indebted for amount of lien–Subrogation to rights of person so paid
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If, after judgment, a lien holder who is personally indebted for the amount of any lien so adjudged in favor of another shall pay such indebtedness, he shall thereby become subrogated to the rights of the person so paid.
Terms Used In South Dakota Codified Laws 44-9-43
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SL 1913, ch 263, § 13; RC 1919, § 1655; SDC 1939, § 39.0718.