South Dakota Codified Laws
Chapter 03 - Redemption, Satisfaction, Marshaling And Merger Of Liens
Section 44-3-5 - Inferior lien holder--Right to redeem.

44-3-5. Inferior lien holder--Right to redeem.
One who has a lien inferior to another upon the same property has a right to redeem the property in the same manner as its owner might from the superior lien.

Source: CivC 1877, §1715, subdiv 1; CL 1887, §4339, subdiv 1; RCivC 1903, §2035, subdiv 1; RC 1919, §1540 (1); SDC 1939, §39.0117 (1).

Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 44 - Liens

Chapter 03 - Redemption, Satisfaction, Marshaling And Merger Of Liens

Section 44-3-1 - Marshaling securities among lien holders--Lien upon several things--Subordinate interest of others in some of the things--Classes of property to which resort may be had.

Section 44-3-2 - Marshaling securities among lien holders--Several things within the same class and subject to same number of liens--Property to which resort may be had.

Section 44-3-3 - Redemption from lien--Manner of making--Performance of condition--Payment of damages for delay.

Section 44-3-4 - Right to redeem from lien--Time for redemption.

Section 44-3-5 - Inferior lien holder--Right to redeem.

Section 44-3-6 - Subrogation of inferior lien holder.

Section 44-3-7 - Satisfaction of prior lien by special lien holder--Enforcement of repayment of amount.

Section 44-3-8 - Satisfaction of lien--Execution of discharge or release by holder--Damages for failure to execute and deliver satisfaction--Attorney fees--Additional penalty.