Section 44-1-6 - Agreement to create lien on future interest--Attachment of lien. - South Dakota Statutes

44-1-6. Agreement to create lien on future interest--Attachment of lien. An agreement may be made to create a lien upon property not yet acquired by the party agreeing to give the lien, or not yet in existence. In such case the lien agreed for attaches from the time when the party agreeing to give it acquires an interest in the property and to the extent of such interest.

Source: CivC 1877, § 1704; CL 1887, § 4328; RCivC 1903, § 2024; RC 1919, § 1529; SDC 1939, § 39.0105.