South Dakota Statutes
§ 44-8-20 — Deficiency in amount of purchase money mortgage given after June 30, 1933--Nonexistent after foreclosure of mortgage.
No claim for any deficiency in the amount secured by any real estate mortgage given after June 30, 1933, to secure all or any part of the purchase price of such real estate shall exist after the foreclosure of such mortgage by action or advertisement, but such foreclosure shall be a full satisfaction of such mortgage and no deficiency judgment shall thereafter exist or be rendered.
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South Dakota § 44-8-20 (Deficiency in amount of purchase money mortgage given after June 30, 1933--Nonexistent after foreclosure of mortgage.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Perpetual National Life Insurance Co. v. Brown
182 N.W.2d 216 (South Dakota Supreme Court, 1970)
Wolken v. Bunn
422 N.W.2d 417 (South Dakota Supreme Court, 1988)
Legislative History
SL 1933, ch 138, §§ 1, 2; SL 1935, ch 150, §§ 1, 2; SDC 1939, § 39.0308.