South Dakota Codified Laws 45-7-6. Action by owner of lease to determine rights–Lis pendens notice–Affidavit as to demandfor release not recorded
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If the owner of the lease shall, within the thirty–day period provided by the notice pursuant to § 45-7-4, commence an action against the owner of said land or mineral rights to determine all rights under said lease and file for record a notice of pendency of said action, then the said affidavit shall not be recorded, but the register of deeds shall notify the owner of the land or mineral rights of the action of the lease owner.
Terms Used In South Dakota Codified Laws 45-7-6
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Source: SL 1941, ch 180, § 1; SL 1943, ch 154; SDC Supp 1960, § 42.0812.