South Dakota Codified Laws
Chapter 01 - Definitions And General Provisions
Section 44-1-5 - Security for performance of future obligations--Creation of lien.

44-1-5. Security for performance of future obligations--Creation of lien.
A lien may be created by contract, to take immediate effect, as security for performance of obligations not then in existence.

Source: CivC 1877, §1705; CL 1887, §4329; RCivC 1903, §2025; RC 1919, §1530; SDC 1939, §39.0104.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 44 - Liens

Chapter 01 - Definitions And General Provisions

Section 44-1-1 - Lien defined.

Section 44-1-2 - Classification of liens--Definition of terms--General lien--Special lien.

Section 44-1-3 - Application of general statutes to liens--Exception.

Section 44-1-4 - Creation of lien--Contract--Operation of law.

Section 44-1-5 - Security for performance of future obligations--Creation of lien.

Section 44-1-6 - Agreement to create lien on future interest--Attachment of lien.

Section 44-1-7 - Lien or contract of lien transfers no title to property.

Section 44-1-8 - Forfeiture of property to satisfy obligation secured by lien or restraint of right of redemption void.

Section 44-1-9 - Obligation to perform not implied from lien.

Section 44-1-10 - Lien limited to specified obligation.

Section 44-1-11 - Lien holder not entitled to compensation from owner for expenses incurred respecting lien--Exception.

Section 44-1-12 - Destruction, disposal, or removal of personal property subject to security interest as felony.

Section 44-1-13 - Priority of lien securing future advances.