Any mortgage made pursuant to this chapter on real property of an area of not more than forty acres containing therein a power of sale, upon default being made in the conditions of the mortgage, may be foreclosed as provided in chapter 21-47 or 21-48 or as provided in this chapter. Any mortgage made pursuant to §§ 21-49-1 to 21-49-10 prior to July 1, 1977 may be foreclosed as provided therein or as provided in this section.
S.D. Codified Laws § 21-49-11
Foreclosure alternatives available on small tracts subject to chapter--Mortgages under earlier law
Known as the One Hundred Eighty Day Redemption Mortgage Act
The act spans §§ 21–21 (31 sections).
Applied in 4 court decisions — leading case Phipps v. First Federal Savings & Loan Ass'n of Beresford (1989)
Most recently applied in Phipps v. First Federal Savings & Loan Ass'n of Beresford (April 1989)
Source: SL 1963, ch 236, § 1; SDCL, § 21-49-1; SL 1972, ch 135; SL 1977, ch 187, § 1; SL 1979, ch 157, § 1.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.