21-45-40. Clerk of courts to take and hold security and investment of proceeds.
When the security of the proceeds of the sale is taken, or when an investment of any such proceeds is made, it must be done, except as herein otherwise provided, in the name of the clerk of courts of the county where the papers are filed, and his successors in office, who must hold the same for the use and benefit of the parties interested, subject to the order of the court.
Source: CCivP 1877, §585; CL 1887, §5399; RCCivP 1903, §624; RC 1919, §2835; SDC 1939 & Supp 1960, §37.1432.