7-31-25. Sale contract void on default in payment of installments--Forfeiture and reentry by county.
The deferred payments for lands sold and the interest thereon shall be paid promptly when due to the county treasurer. Whenever the purchaser of any tract shall fail to pay the principal or interest due by him to the county for such tract within three months after same shall become due, or shall violate any of the provisions of the contract of sale, such contract shall be null and void, and he shall forfeit the amount of purchase money and interest paid on the purchase of said land, and all right, title and interest in all improvements thereon and such payments and improvements shall be retained by the county for the same purposes for which the proceeds of sale from such lands are used, in full satisfaction and in liquidation of all damages for the use and possession of said property by the purchaser; and the county shall have the immediate right to reenter and take possession of said real estate.
Source: SL 1941, ch 37; SDC Supp 1960, ยง12.3404 (10).
Structure South Dakota Codified Laws
Chapter 31 - Management Of Tax Deed And School Fund Mortgage Lands
Section 7-31-1 - Legislative policy and purpose.
Section 7-31-2 - County commissioners to control land.
Section 7-31-4 - Lease of class one grazing land.
Section 7-31-5 - Lease of class two land--Conservation measures required.
Section 7-31-7 - Permit to erect improvements on leased land--Ownership of improvements.
Section 7-31-8 - Removal of improvements on termination of lease--County property if not removed.
Section 7-31-9 - Payment to lessee for improvements not capable of removal--Time of valuation.
Section 7-31-11 - Deposit of value of improvements--Transfer of ownership.
Section 7-31-12 - Apportionment of rental proceeds from tax-deed lands.
Section 7-31-13 - Apportionment of rental proceeds from school mortgage lands.
Section 7-31-14 - Insurance on county-owned improvements.
Section 7-31-26 - Notice of default given to installment purchaser.
Section 7-31-27 - Service of notice on defaulting installment purchaser.
Section 7-31-28 - Recording of notice of default.
Section 7-31-30 - Proceedings to set aside installment contract in default.
Section 7-31-31 - Apportionment of proceeds of sale of land.
Section 7-31-32 - Exchange of isolated tracts--Advertising and appraisement not required.
Section 7-31-33 - Adjustment between taxing districts after exchange of lands.
Section 7-31-34 - Method of sale of school mortgage lands unaffected.
Section 7-31-35 - Appeal from county commissioners to circuit court.
Section 7-31-36 - Short title of law.
Section 7-31-37 - Oil and gas pooling agreements permitted.
Section 7-31-38 - Mineral, oil and gas leases permitted.
Section 7-31-39 - Royalty agreements required in oil and gas leases.
Section 7-31-40 - Assignment of mineral, oil and gas leases.
Section 7-31-42 - Customary provisions inserted in mineral, oil and gas leases.
Section 7-31-43 - Power of county commissioners to withhold land from oil and gas leasing.
Section 7-31-44 - Sale or other disposition of oil and gas rights.
Section 7-31-46 - County commissioners to direct managing agents--Contracts on behalf of county.
Section 7-31-47 - Assistance by agents in tax-deed and mortgage-foreclosure proceedings.
Section 7-31-48 - Compensation of managing agents--Clerical assistance and supplies.