There is a newer version of the South Dakota Codified Laws
2014 South Dakota Codified Laws
Title 44 - LIENS
Chapter 08 - Real Estate Mortgages
§ 44-8-27 Due-on-sale clause defined.
SD Codified L § 44-8-27 (2014) What's This?
44-8-27. Due-on-sale clause defined. For the purpose of this section and § 44-8-28, a due-on-sale clause is a provision of a real estate mortgage which requires that the note secured by the mortgage be paid at the time the property is transferred and no assumption of the original note is permitted.
Source: SL 1981, ch 311, § 1.
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