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S.D. Codified Laws § 58-29B-74

"Lien by legal or equitable proceedings upon simple contract" defined

Known as the Insurers Supervision, Rehabilitation, and Liquidation Act

The act spans §§ 58-29B-1 to 58-29B-99 (167 sections).

Source: SL 1989, ch 436, § 74.

Lien obtainable by legal or equitable proceedings--Simple contract--Exclusions.

A lien obtainable by legal or equitable proceedings upon a simple contract is one arising in the ordinary course of such proceedings upon the entry or docketing of a judgment or decree, or upon attachment, garnishment, execution, or like process, whether before, upon, or after judgment or decree and whether before or upon levy. It does not include liens which under applicable law are given a special priority over other liens which are prior in time.

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