21-23-10. Bond required of applicant to sell property.
Whenever, in the opinion of the court to whom an application to sell property under the provisions of this chapter is addressed, the bond of the person applying is inadequate fully to protect the rights of all persons beneficially interested in such property, the court may, in the order for the sale of such property, require the applicant for leave to sell to give a bond in such amount and containing such conditions as the court may prescribe and the court may require corporate surety on such.
Source: Supreme Court Order No. 2 (8) adopted October 12, 1944; SDC Supp 1960, ยง33.26A08.
Structure South Dakota Codified Laws
Section 21-23-1 - Scope of chapter.
Section 21-23-2 - Application by court officer or trustee for sale of property.
Section 21-23-3 - Application for sale verified--Contents.
Section 21-23-4 - Perishable property ordered sold without hearing--Report of sale.
Section 21-23-5 - Time and place of hearing on application to sell property.
Section 21-23-7 - Order for appraisal of property.
Section 21-23-8 - Court order after hearing on application to sell.
Section 21-23-9 - Time and notice of sale--Order in which items offered--Upset price.
Section 21-23-10 - Bond required of applicant to sell property.
Section 21-23-11 - Cash sale at public auction--Terms and security when deferred payments permitted.
Section 21-23-12 - Report of sale to court for confirmation--Contents of report.
Section 21-23-13 - Report for confirmation of sale authorized by trust instrument.
Section 21-23-14 - Examination of report of sale--Order and notice for formal hearing.