South Dakota Codified Laws 21-54-7. Place of sale–Notice of public access
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Foreclosures under this chapter may be held at any public place in any of the municipalities or villages of the county in which the foreclosure is to be held, but in case of heavy or bulky articles or materials which cannot be conveniently or practicably moved, the sale may be held where they are located provided the public is afforded free right of access for inspection and bidding. In such cases notice of all such facts and definite description of the place, and reason for holding the sale there and of the public’s right of access must be stated in the notice of sale.
Terms Used In South Dakota Codified Laws 21-54-7
- 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: SDC 1939 & Supp 1960, § 37.3404; SL 1992, ch 60, § 2.