There is a newer version of the South Dakota Codified Laws
2014 South Dakota Codified Laws
Title 44 - LIENS
Chapter 01 - Definitions And General Provisions
§ 44-1-8 Forfeiture of property to satisfy obligation secured by lien or restraint of right ofredemption void.
SD Codified L § 44-1-8 (2014) What's This?
44-1-8. Forfeiture of property to satisfy obligation secured by lien or restraint of right of redemption void. All contracts for forfeiture of property subject to a lien in satisfaction of the obligation secured thereby and all contracts in restraint of the right of redemption from a lien are void.
Source: CivC 1877, § 1707; CL 1887, § 4331; RCivC 1903, § 2027; RC 1919, § 1532; SDC 1939, § 39.0108.
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