Section 44-1-8 - Forfeiture of property to satisfy obligation secured by lien or restraint of right ofredemption void. - South Dakota Statutes

44-1-8. Forfeiture of property to satisfy obligation secured by lien or restraint of right of redemption void. All contracts for forfeiture of property subject to a lien in satisfaction of the obligation secured thereby and all contracts in restraint of the right of redemption from a lien are void.

Source: CivC 1877, § 1707; CL 1887, § 4331; RCivC 1903, § 2027; RC 1919, § 1532; SDC 1939, § 39.0108.