South Dakota Codified Laws 49-16A-118. Effect of filing–Notice of rights and interests
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Each record of an instrument filed with the secretary of state pursuant to § 49-16A-117 shall, from the time of reception, have the same effect, as to any property described therein, as the record of any similar instrument in the office of a register of deeds, and is notice of the rights and interests of the grantee, lessee, or mortgagee to the same extent as if it were recorded in each of the counties in which any property described therein is situated.
Terms Used In South Dakota Codified Laws 49-16A-118
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1986, ch 393, § 2.