All liens, claims for labor performed, or services or materials furnished, as provided in subdivision 44-9-1(3), shall be concurrent liens upon the property charged and shall be paid pro rata out of the proceeds arising from the sale thereof, if the same shall be sold, or upon settlement without sale.

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Terms Used In South Dakota Codified Laws 44-9-9

  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.

Source: SL 1879, ch 41, § 5; CL 1887, § 2043; RPolC 1903, § 2577; SL 1909, ch 51, § 5; SL 1915, ch 243, § 5; RC 1919, § 1635; SL 1919, ch 261; SDC 1939, § 39.0710.