South Dakota § 15-2-28 Mortgage presumed paid after fifteen years--Tolling provisions not applicable.

South Dakota Statutes

§ 15-2-28 — Mortgage presumed paid after fifteen years--Tolling provisions not applicable.

South Dakota § 15-2-28

Title 15CIVIL PROCEDURE

Ch. 15-1LIMITATION OF ACTIONS GENERALLY

This text of South Dakota § 15-2-28 (Mortgage presumed paid after fifteen years--Tolling provisions not applicable.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 15-2-28 (2026).

Text

At the expiration of fifteen years from the date the cause of action accrues on any mortgage as provided in § 15-2-5 , such mortgage shall be conclusively presumed to have been paid and the mortgage and the record thereof shall cease to be notice of the mortgage as unpaid and the lien thereof shall then cease absolutely, and said period of fifteen years shall not be extended by nonresidence, legal disability, or partial payment.

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At the expiration of fifteen years from the date the cause of action accrues on any mortgage as provided in § 15-2-5 , such mortgage shall be conclusively presumed to have been paid and the mortgage and the record thereof shall cease to be notice of the mortgage as unpaid and the lien thereof shall then cease absolutely, and said period of fifteen years shall not be extended by nonresidence, legal disability, or partial payment.