Statutes, codes, and regulations
South Dakota Codified Laws
Title 44 - LIENS
Chapter 5 - EXTINGUISHMENT OF LIENS
Section 44-5-3 - Sale or conversion of property subject to lien-Satisfaction of claim-Lien extinguished

S.D. Codified Laws § 44-5-3

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Current through the 2024 Legislative Session
Section 44-5-3 - Sale or conversion of property subject to lien-Satisfaction of claim-Lien extinguished

The sale of any property on which there is a lien toward satisfaction of the claim secured thereby, and in case of personal property, its wrongful conversion by the person holding the lien, extinguishes the lien thereon.

SDCL 44-5-3

CivC 1877, § 1718; CL 1887, § 4342; RCivC 1903, § 2038; RC 1919, § 1543; SDC 1939, § 39.0120.