S.D. Codified Laws § 58-26-6

Current through the 2024 Legislative Session

Section 58-26-6 - Purchase money mortgage on real property-Restriction as to valuation

Purchase money mortgages on real property referred to in § 58-26-5 shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or ninety per cent of the fair value of such real property, whichever is less.

SDCL 58-26-6

SL 1966, ch 111, ch 5, § 15.