Default cured prior to entry of decree--Abatement of action.

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47-18-16. Default cured prior to entry of decree--Abatement of action.

If the cooperative cures a default under subdivision 47-18-15(3) prior to entry of the court's final decree in an action brought under §47-18-15 and pays all penalties and court costs that have accrued, the cause of action with respect to the default so cured will abate.

Source: SDC 1939, §11.1144 (2) as enacted by SL 1965, ch 23, §1; SL 1989, ch 390, §6.


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