The mortgagee, his assigns, or their legal representatives, may, fairly and in good faith, purchase the premises so advertised, or any part thereof, at such sale.
S.D. Codified Laws § 21-48-13
Purchase by mortgagee at sale
Applied in 1 court decision — leading case Stahn v. Fairmont National Bank (1985)
Most recently applied in Stahn v. Fairmont National Bank (May 1985)
Source: CCivP 1877, § 605; CL 1887, § 5419; RCCivP 1903, § 644; RC 1919, § 2884; SDC 1939 & Supp 1960, § 37.3005.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.