South Dakota Statutes
§ 21-49-12 — Clause subjecting mortgage to chapter--Caption required--Mortgagor's right to possession of property during redemption period.
South Dakota § 21-49-12
This text of South Dakota § 21-49-12 (Clause subjecting mortgage to chapter--Caption required--Mortgagor's right to possession of property during redemption period.) 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 § 21-49-12 (2026).
Text
Any mortgage containing the following statement in printed or typed capital letters: "THE PARTIES AGREE THAT THE PROVISIONS OF THE ONE HUNDRED EIGHTY DAY REDEMPTION MORTGAGE ACT GOVERN THIS MORTGAGE," shall be subject to the provisions of this chapter. Any mortgage executed under this chapter shall be entitled in printed or typed capital letters: "MORTGAGE--ONE HUNDRED EIGHTY DAY REDEMPTION." No mortgage made pursuant to this chapter shall contain any provisions whereby the mortgagor is denied the right to possession of the mortgaged property during the redemption period as provided in this chapter.
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Related
VanGorp v. Sieff
2001 SD 45 (South Dakota Supreme Court, 2001)
Larsen v. Metropolitan Life Insurance (In Re Larsen)
122 B.R. 733 (D. South Dakota, 1990)
Legislative History
SL 1963, ch 236, § 5; SDCL, § 21-49-2; SL 1977, ch 187, § 2.
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Repealed§ 21-1-13
Repealed§ 21-1-13.2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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 21-49-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/21-49-12.