The sale of any property on which there is a lien toward satisfaction of the claim secured thereby, and in case of personal property, its wrongful conversion by the person holding the lien, extinguishes the lien thereon.
S.D. Codified Laws § 44-5-3
Sale or conversion of property subject to lien--Satisfaction of claim--Lien extinguished
Source: CivC 1877, § 1718; CL 1887, § 4342; RCivC 1903, § 2038; RC 1919, § 1543; SDC 1939, § 39.0120.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.