South Dakota Codified Laws
Chapter 49 - Short-Term Redemption Mortgages
Section 21-49-11 - Foreclosure alternatives available on small tracts subject to chapter--Mortgages under earlier law.

21-49-11. Foreclosure alternatives available on small tracts subject to chapter--Mortgages under earlier law.
Any mortgage made pursuant to this chapter on real property of an area of not more than forty acres containing therein a power of sale, upon default being made in the conditions of the mortgage, may be foreclosed as provided in chapter 21-47 or 21-48 or as provided in this chapter. Any mortgage made pursuant to §§21-49-1 to 21-49-10 prior to July 1, 1977 may be foreclosed as provided therein or as provided in this section.

Source: SL 1963, ch 236, §1; SDCL, §21-49-1; SL 1972, ch 135; SL 1977, ch 187, §1; SL 1979, ch 157, §1.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 21 - Judicial Remedies

Chapter 49 - Short-Term Redemption Mortgages

Section 21-49-11 - Foreclosure alternatives available on small tracts subject to chapter--Mortgages under earlier law.

Section 21-49-12 - Clause subjecting mortgage to chapter--Caption required--Mortgagor's right to possession of property during redemption period.

Section 21-49-13 - Provisions includable in mortgage--Satisfaction of notice requirements.

Section 21-49-14 - Forms of mortgages authorized--Address and description requirements not applicable.

Section 21-49-15 - Commencement of foreclosure or satisfaction action--Service of process on nonresident defendant--Required defendants.

Section 21-49-16 - Service by publication.

Section 21-49-17 - Joinder of other persons liable--Judgment and enforcement of judgment as against mortgagor.