SDCL § 44-3-2: Marshaling securities among lien holders--Several things within the same class and subject to same number of liens--Property to which resort may be had.
Where this section sits in the code
- TITLE 44. LIENS
- CHAPTER 44-3. REDEMPTION, SATISFACTION, MARSHALING AND MERGER OF LIENS
When several things are within one of the classes described by § 44-3-1 and subject to the same number of liens, resort must be had:
(1) To the things which had not been transferred since the prior lien was created;
(2) To the things which have been so transferred without a valuable consideration; and
(3) To the things which have been so transferred for a valuable consideration.
Collected 2026-09-03T15:18:57Z. Source file · JSON