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S.D. Codified Laws § 21-49-29

Application of sale proceeds

Known as the One Hundred Eighty Day Redemption Mortgage Act

The act spans §§ 21-49-1 to 21-49-40 (31 sections).

Source: SL 1977, ch 187, § 18.

It shall be the duty of any officer who conducts any such sale to apply the proceeds in the following priority:

(1) To the payment of the expenses of sale;

(2) To the payment of the costs included in the judgment upon which sale was made;

(3) To the discharge of the debt adjudged to be due;

(4) To pay the surplus, if any, into court for the use of the defendants subject to the order of the court.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.