South Dakota Codified Laws > Title 40 > Chapter 27 – Liens On Livestock
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Terms Used In South Dakota Codified Laws > Title 40 > Chapter 27 - Liens On Livestock
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2