Reinstatement of installment contract on compliance with conditions--Termination on failure to comply.

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7-31-29. Reinstatement of installment contract on compliance with conditions--Termination on failure to comply.

If within the time mentioned in the notice, the person served complies with such conditions and pays the costs of service, the contract shall be thereby reinstated to the same effect as though no default had occurred, but otherwise shall terminate as provided in §7-31-25.

Source: SL 1941, ch 37; SDC Supp 1960, §12.3404 (11).


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