South Dakota Statutes

§ 58-27-34 — Interests and restrictions not constituting encumbrances upon improved real property.

South Dakota·Title 58 INSURANCE·Ch. 58-27 LOANS AND INVESTMENTS OF INSURERS
Real property shall not be deemed to be encumbered within the meaning of § 58-27-32 by reason of the existence of instruments reserving mineral, oil, timber, or similar rights, rights - of - way, sewer rights, rights in walls, nor by reason of any liens for taxes or assessments not yet due, or on account of liens not delinquent for community recreational facilities, or for the maintenance of community facilities, nor by reason of building restrictions or other restrictive covenants common to the community in which the property is located, nor by liens for service and maintenance of water rights where not delinquent, nor when such real property is subject to lease under which rents or profits are reserved to the owner if in any event the security for the loan or investment is a first lien u

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

South Dakota § 58-27-34 (Interests and restrictions not constituting encumbrances upon improved real property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 111, ch 6, § 28 (1).

Nearby Sections

15
View on official source ↗