South Dakota Codified Laws 29A-3-1007. Certificate discharging liens securing fiduciary performance
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After the appointment has terminated, the personal representative, the sureties on the personal representative’s bond, or any successor of either, upon the filing of a verified application showing, so far as is known by the applicant, that no action concerning the estate is pending in any court, is entitled to receive a certificate from the clerk that the personal representative appears to have fully administered the estate in question. The certificate evidences discharge of any lien on any property given to secure the obligation of the personal representative in lieu of bond or any surety, but does not preclude action against the personal representative or the surety.
Terms Used In South Dakota Codified Laws 29A-3-1007
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1994, ch 232, § 3-1007; SL 1995, ch 167, § 135.