Purchase price of real property--Mortgage given for at time of conveyance--Vendor's lien--Priority over other liens--Operation of recording laws.

  1. Law
  2. South Dakota Codified Laws
  3. Liens
  4. Recording, Notice And Priority Of Liens
  5. Purchase price of real property--Mortgage given for at time of conveyance--Vendor's lien--Priority over other liens--Operation of recording laws.

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44-2-2. Purchase price of real property--Mortgage given for at time of conveyance--Vendor's lien--Priority over other liens--Operation of recording laws.

A mortgage given for the price of real property at the time of its conveyance and the vendor's lien for unpaid purchase price of real property have priority over all other liens created against the purchaser subject to the operation of the recording law.

Source: CivC 1877, §1712; CL 1887, §4336; RCivC 1903, §2032; RC 1919, §1537; SDC 1939, §39.0113.


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