South Dakota Codified Laws
Chapter 04 - Release Of Liens By Undertaking
Section 44-4-8 - Release and exoneration of sureties on undertaking for release of property from lien.

44-4-8. Release and exoneration of sureties on undertaking for release of property from lien.
Sureties on the bond shall be released and exonerated unless action is commenced on the claim on which said lien was based within one year from the date said lien was discharged.

Source: SL 1966, ch 124, ยง4.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 44 - Liens

Chapter 04 - Release Of Liens By Undertaking

Section 44-4-1 - Liens subject to release by undertaking.

Section 44-4-2 - Affidavit by interested person or agent to release property from lien by undertaking--Filing with custodian of lien record--Contents.

Section 44-4-3 - Undertaking to release property from lien--Amount--Sureties--Terms and conditions--Justification of sureties.

Section 44-4-4 - Affidavit to release property from lien by undertaking--Filing fee--Recording of documents--Certified copies as evidence.

Section 44-4-5 - Service of affidavit, undertaking, and notice of time and place of hearing on lien claimant or agent--Return.

Section 44-4-6 - Hearing on application for release of property from lien by undertaking--Exception to sufficiency of surety--Justification of sureties--Dismissal of application upon failure of sureties to justify.

Section 44-4-7 - Approval of undertaking for release of property from lien--Discharge of lien--Recording by marginal entry.

Section 44-4-8 - Release and exoneration of sureties on undertaking for release of property from lien.