Section 21-23-11 - Cash sale at public auction--Terms and security when deferred payments permitted. - South Dakota Statutes

21-23-11. Cash sale at public auction--Terms and security when deferred payments permitted. Unless for good cause the court orders otherwise, all sales of property shall be at public auction for cash. If any portion of the purchase price is to be upon deferred payments, the order of the court shall require adequate security and shall fix the time within which payments are to be made and prescribe the rate of interest.

Source: Supreme Court Order No. 2 (7) adopted October 12, 1944; SDC Supp 1960, § 33.26A07.