Security for performance of future obligations--Creation of lien.

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  2. South Dakota Codified Laws
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  5. Security for performance of future obligations--Creation of lien.

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44-1-5. Security for performance of future obligations--Creation of lien.

A lien may be created by contract, to take immediate effect, as security for performance of obligations not then in existence.

Source: CivC 1877, §1705; CL 1887, §4329; RCivC 1903, §2025; RC 1919, §1530; SDC 1939, §39.0104.


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