Agreement for purchase of real property--Payment of part of purchase price--Special or vendee's lien for amount paid.

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  2. South Dakota Codified Laws
  3. Liens
  4. Vendor's And Vendee's Liens
  5. Agreement for purchase of real property--Payment of part of purchase price--Special or vendee's lien for amount paid.

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44-6-2. Agreement for purchase of real property--Payment of part of purchase price--Special or vendee's lien for amount paid.

One who pays to the owner any part of the price of real property under an agreement for the purchase thereof has a special or vendee's lien upon the property independent of possession for such part of the amount paid as he may be entitled to recover back in case of failure of consideration.

Source: CivC 1877, §1805; CL 1887, §4440; RCivC 1903, §2152; RC 1919, §1693; SDC 1939, §39.0601.


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