Lien released upon failure of junior lienholder to redeem.

  1. Law
  2. South Dakota Codified Laws
  3. Judicial Remedies
  4. Nonjudicial Voluntary Foreclosure
  5. Lien released upon failure of junior lienholder to redeem.

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21-48A-2. Lien released upon failure of junior lienholder to redeem.

A junior lienholder may redeem the real property pursuant to §21-48A-5. If a junior lienholder fails to redeem its lien as provided in this chapter, its lien shall be released from the property.

Source: SL 1991, ch 185, §2.


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