Section 44-9-21 - Manner of satisfying liens--Execution and delivery of satisfaction to owner ofproperty--Contents--Acknowledgment--Record of satisfaction--Cancellation of lien. - South Dakota Statutes

44-9-21. Manner of satisfying liens--Execution and delivery of satisfaction to owner of property--Contents--Acknowledgment--Record of satisfaction--Cancellation of lien. Whenever a lien has been claimed by filing the same in the office of the register of deeds and it is afterward satisfied by payment, foreclosure, compromise, or other method, the creditor shall execute and deliver to the owner of the property a satisfaction describing the lien by its date, date of filing, amount claimed, description of the property, and the names of the lien claimants and owner of the property. Such satisfaction shall be executed before two witnesses or acknowledged before a notary public, and upon presentation to the register of deeds, he shall file the same and cancel the said lien of record.

Source: CCivP 1877, § 670; SL 1879, ch 41, § 7; CL 1887, §§ 2045, 5484; RPolC 1903, § 2579; RCCivP 1903, § 711; SL 1909, ch 51, § 9; SL 1915, ch 243, § 9; RC 1919, §§ 1639, 1659; SDC 1939, § 39.0711.