No exemption shall be allowed any person against an attachment or execution issued for the purchase money of property or for the agreed or reasonable cost of the material furnished or labor performed in the original erection and construction of buildings thereon, claimed to be exempt, and on which such attachment or execution is levied.
S.D. Codified Laws § 43-45-8
Exemption not allowed for purchase money or construction costs
Applied in 1 court decision — leading case Stephenson v. South Dakota, Department of Revenue, Sales Tax Division (In Re Stephenson) (1983)
Most recently applied in Stephenson v. South Dakota, Department of Revenue, Sales Tax Division (In Re Stephenson) (November 1983)
Source: SL 1883, ch 50, § 1; CL 1887, § 5137; RCCivP 1903, § 362; SL 1903, ch 139; RC 1919, § 2669; SL 1927, ch 115; SDC 1939, § 51.1807.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.