21-49-28. Foreclosure as complete satisfaction of debt.
Except as provided in §21-49-27, such foreclosure shall operate as a complete satisfaction of the debt secured by a mortgage and judgment issued under this chapter.
Source: SL 1977, ch 187, §17.
Structure South Dakota Codified Laws
Chapter 49 - Short-Term Redemption Mortgages
Section 21-49-13 - Provisions includable in mortgage--Satisfaction of notice requirements.
Section 21-49-16 - Service by publication.
Section 21-49-18 - Other recovery proceedings to be stated in complaint.
Section 21-49-19 - Money judgment as precluding foreclosure unless execution remains unsatisfied.
Section 21-49-20 - Recovery proceedings not allowed pending foreclosure action.
Section 21-49-21 - Time for defendant's answer.
Section 21-49-22 - Injunction against injury to property--Duration.
Section 21-49-24 - Sale by court-appointed officer--Levy not required.
Section 21-49-25 - Notice of sale--Contents.
Section 21-49-26 - Mortgagee may purchase at sale--Bid required.
Section 21-49-27 - Bid of less than full debt amount--Requirements--Execution for deficiency.
Section 21-49-28 - Foreclosure as complete satisfaction of debt.
Section 21-49-29 - Application of sale proceeds.
Section 21-49-31 - Redemption defined.
Section 21-49-32 - Waste of property restrained during redemption period.
Section 21-49-33 - Right of judgment debtor and lien holders to redeem.
Section 21-49-34 - Payments by persons redeeming.
Section 21-49-35 - Notice of redemption--Form--Recording.
Section 21-49-36 - Certificate of redemption--Contents.
Section 21-49-37 - Recording certificate of redemption.
Section 21-49-38 - Deed issued after short redemption or abandonment period--Maximum period.