A junior lienholder may redeem the real property pursuant to § 21-48A-5. If a junior lienholder fails to redeem its lien as provided in this chapter, its lien shall be released from the property.
S.D. Codified Laws § 21-48A-2
Lien released upon failure of junior lienholder to redeem
Applied in 1 court decision — leading case FarmPro Services, Inc. v. Finneman (2016)
Most recently applied in FarmPro Services, Inc. v. Finneman (October 2016)
Source: SL 1991, ch 185, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.