Home/South Dakota/Statutes/Title 44: LIENS/Ch. 44-8: REAL ESTATE MORTGAGES/§ 44-8-27
South Dakota Statutes

§ 44-8-27 — Due

South Dakota·Title 44 LIENS·Ch. 44-8 REAL ESTATE MORTGAGES
For the purpose of this section and § 44-8-28 , a due - on - sale clause is a provision of a real estate mortgage which requires that the note secured by the mortgage be paid at the time the property is transferred and no assumption of the original note is permitted.

Free access — add to your briefcase to read the full text and ask questions with AI

South Dakota § 44-8-27 (Due) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

First Federal Savings & Loan Ass'n of Rapid City v. Clark Investment Co.
322 N.W.2d 258 (South Dakota Supreme Court, 1982)
13 case citations

Legislative History

SL 1981, ch 311, § 1.

Nearby Sections

15
§ 44-1-1
Lien defined.
§ 44-1-10
Lien limited to specified obligation.
§ 44-1-11
Lien holder not entitled to compensation from owner for expenses incurred respecting lien--Exception.
§ 44-1-12
Destruction, disposal, or removal of personal property subject to security interest as felony.
§ 44-1-13
Priority of lien securing future advances.
§ 44-1-2
Classification of liens--Definition of terms--General lien--Special lien.
§ 44-1-3
Application of general statutes to liens--Exception.
§ 44-1-4
Creation of lien--Contract--Operation of law.
§ 44-1-5
Security for performance of future obligations--Creation of lien.
§ 44-1-6
Agreement to create lien on future interest--Attachment of lien.
§ 44-1-7
Lien or contract of lien transfers no title to property.
§ 44-1-8
Forfeiture of property to satisfy obligation secured by lien or restraint of right of redemption void.
§ 44-1-9
Obligation to perform not implied from lien.
§ 44-10-1
Pledge defined.
§ 44-10-10
Pledgee's sale of securities--Evidences of debt--Exception.
View on official source ↗