South Dakota Statutes
§ 44-1-13 — Priority of lien securing future advances.
South Dakota § 44-1-13
This text of South Dakota § 44-1-13 (Priority of lien securing future advances.) 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 § 44-1-13 (2026).
Text
A lien document containing a written provision securing the repayment of future advances, whether or not the lien creditor is obligated to make such future advances, has priority over all subsequent encumbrancers to the extent of all sums advanced, with interest thereon, with the same effect as if the entire sum had been advanced at the time of the creation of the lien.
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Legislative History
SL 1985, ch 339.
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 44-1-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/44-1-13.