Section 9-43-60 - Limitation of proceedings on special assessment certificates--Lien barred--Cancellation of certificate and lien. - South Dakota Statutes

9-43-60. Limitation of proceedings on special assessment certificates--Lien barred--Cancellation of certificate and lien. If proceedings are not commenced under a special assessment certificate for municipal improvement within fifteen years from the due date of such certificate, such special assessment certificate, the lien thereof, the lien of any subsequent taxes paid thereunder by the holder thereof, and all rights thereunder shall cease and be forever barred. The treasurer or, if such special assessment certificate or the lien thereof has been certified to the county treasurer, then the county treasurer shall cancel on his records such tax sale certificate and the lien thereof, and the lien of any subsequent taxes paid thereunder.

Source: SL 1927, ch 174; SDC 1939, § 45.2121; SL 1947, ch 210; SL 1955, ch 212.