21-23-11. Cash sale at public auction--Terms and security when deferred payments permitted.
Unless for good cause the court orders otherwise, all sales of property shall be at public auction for cash. If any portion of the purchase price is to be upon deferred payments, the order of the court shall require adequate security and shall fix the time within which payments are to be made and prescribe the rate of interest.
Source: Supreme Court Order No. 2 (7) adopted October 12, 1944; SDC Supp 1960, ยง33.26A07.
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.