South Dakota Statutes

§ 44-5-3 — Sale or conversion of property subject to lien--Satisfaction of claim--Lien extinguished.

South Dakota·Title 44 LIENS·Ch. 44-5 EXTINGUISHMENT OF LIENS
The sale of any property on which there is a lien toward satisfaction of the claim secured thereby, and in case of personal property, its wrongful conversion by the person holding the lien, extinguishes the lien thereon.

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South Dakota § 44-5-3 (Sale or conversion of property subject to lien--Satisfaction of claim--Lien extinguished.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

CivC 1877, § 1718; CL 1887, § 4342; RCivC 1903, § 2038; RC 1919, § 1543; SDC 1939, § 39.0120.

Nearby Sections

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