21-48-13. Purchase by mortgagee at sale.
The mortgagee, his assigns, or their legal representatives, may, fairly and in good faith, purchase the premises so advertised, or any part thereof, at such sale.
Source: CCivP 1877, §605; CL 1887, §5419; RCCivP 1903, §644; RC 1919, §2884; SDC 1939 & Supp 1960, §37.3005.