7-19-8. Action to set aside mortgage compromise prohibited.
In all cases where a board of county commissioners of any county has, prior to July 1, 1935, effected a compromise settlement of any indebtedness secured by a state permanent school fund mortgage, no action or proceeding shall be maintained to invalidate or set aside such compromise settlement or the satisfaction of such mortgage on the ground of lack of authority of such board to effect such compromise settlement, any existing statute to the contrary notwithstanding.
Source: SL 1935, ch 145, §1; SDC 1939, §12.1917.
Structure South Dakota Codified Laws
Chapter 19 - Prosecution Of Claims By County
Section 7-19-1 - Circuit court authorization for commencement and prosecution of action.
Section 7-19-2 - County purchase of real estate sold on execution.
Section 7-19-3 - Compromise of mortgage indebtedness authorized on refinancing.
Section 7-19-4 - Resolution for compromise of mortgage indebtedness.
Section 7-19-5 - Circuit court hearing and confirmation of mortgage indebtedness compromise.
Section 7-19-6 - Validation of prior mortgage compromises by county commissioners.
Section 7-19-7 - School mortgage obligation to state unimpaired.
Section 7-19-8 - Action to set aside mortgage compromise prohibited.
Section 7-19-9 - Action to set aside county conveyance after mortgage compromise prohibited.