The court shall hear an action brought under § 21-52-8 at a regular or special term, shall have the power to extend all time of redemption pending the determination of such action, and by its decree shall determine the amount required to redeem the lands described in plaintiff's complaint; and adjudge that upon payment of such sum, a certificate of redemption shall issue to plaintiff and the amount paid by him shall be credited upon the price paid by the purchaser at foreclosure or execution sale, and the amount required to redeem the balance of the property shall be reduced accordingly.
S.D. Codified Laws § 21-52-10
Hearing and determination of amount required to redeem separate tract--Certificate of redemption--Credit on price paid at sale
Applied in 1 court decision — leading case Muhlenkort v. Muhlenkort (1986)
Most recently applied in Muhlenkort v. Muhlenkort (September 1986)
Source: SL 1949, ch 142, § 15; SDC Supp 1960, § 37.5615.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.