South Dakota Statutes
§ 21-47-17 — Foreclosure as complete satisfaction of debt--Exception.
Except as provided by § 21-47-16 , a foreclosure by action of a mortgage upon real estate operates as a complete extinguishment, satisfaction and payment of the debt secured by the mortgage. However, a foreclosure may not be considered to be satisfaction of an assignment of rents agreement under the mortgage.
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South Dakota § 21-47-17 (Foreclosure as complete satisfaction of debt--Exception.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Legislative History
SL 1939, ch 146, § 2; SDC Supp 1960, § 37.29
Nearby Sections
15
§ 21-1-11
Repealed§ 21-1-13
Repealed§ 21-1-13.2
Application of interest statutes.§ 21-1-14
Liability of issuer of bad check for collection costs--Costs included in restitution award.§ 21-1-15
Definitions.§ 21-1-3
Damages to be reasonable.