South Dakota Codified Laws 7-31-30. Proceedings to set aside installment contract in default
Current as of: 2023 | Check for updates
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In lieu of or in addition to the forfeiture by notice as hereinbefore provided, in the discretion of the board of county commissioners such contract may be set aside by an action in the circuit court of the county in which said real estate is situated, under the proceedings provided for the strict foreclosure of real estate contracts, or under other proceedings provided by law, and the state’s attorney shall conduct all said proceedings upon request of the board of county commissioners.
Terms Used In South Dakota Codified Laws 7-31-30
- Contract: A legal written agreement that becomes binding when signed.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
Source: SL 1941, ch 37; SDC Supp 1960, § 12.3404 (12).