Section 44-8-1.5 - Security of mortgage protected against mortgagor's act. - South-dakota Statutes

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44-8-1.5. Security of mortgage protected against mortgagor's act. No person whose interest is subject to the lien of a real estate mortgage may do any act which will substantially impair the mortgagee's security.

Source: CivC 1877, § 1733; CL 1887, § 4358; RCivC 1903, § 2054; RC 1919, § 1558; SDC 1939, § 39.0207 (5); repealed SL 1966, ch 150, § 10-102; re-enacted SL 1970, ch 251.

State Codes and Statutes

Statutes > South-dakota > Title-44 > Chapter-08 > Statute-44-8-1-5

44-8-1.5. Security of mortgage protected against mortgagor's act. No person whose interest is subject to the lien of a real estate mortgage may do any act which will substantially impair the mortgagee's security.

Source: CivC 1877, § 1733; CL 1887, § 4358; RCivC 1903, § 2054; RC 1919, § 1558; SDC 1939, § 39.0207 (5); repealed SL 1966, ch 150, § 10-102; re-enacted SL 1970, ch 251.

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State Codes and Statutes

Statutes > South-dakota > Title-44 > Chapter-08 > Statute-44-8-1-5

44-8-1.5. Security of mortgage protected against mortgagor's act. No person whose interest is subject to the lien of a real estate mortgage may do any act which will substantially impair the mortgagee's security.

Source: CivC 1877, § 1733; CL 1887, § 4358; RCivC 1903, § 2054; RC 1919, § 1558; SDC 1939, § 39.0207 (5); repealed SL 1966, ch 150, § 10-102; re-enacted SL 1970, ch 251.