South Dakota Codified Laws 7-19-6. Validation of prior mortgage compromises by county commissioners
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Any school fund loan mortgage or courthouse or jail building fund mortgage compromised by any board of county commissioners before February 16, 1935, is hereby legalized and declared to be valid, if such compromise was made in good faith and in the interest and to the advantage of the county.
Terms Used In South Dakota Codified Laws 7-19-6
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Source: SL 1935, ch 81, § 3; SDC 1939, § 12.1916.