<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 21-45-51 - Application of proceeds of sale of encumbered property. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2046635Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2046635SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2046635CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2046635Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2046635DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2046635Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2046635000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2046635SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2046635SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2046635Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=21-45-51"><span class="s2046635SENU">21-45-51</span></a><span xml:space="preserve" class="s2046635SENU">. </span><span class="s2046635CL">Application of proceeds of sale of encumbered property.</span></p><p dir="ltr" class="s2046635Normal-000000"><span class="s2046635DefaultParagraphFont">The proceeds of the sale of encumbered property must be applied under the direction of the court as follows:</span></p><p dir="ltr" class="s2046635Normal-000001"><span class="s2046635DefaultParagraphFont">(1)    To pay its just proportion of the general costs of the action;</span></p><p dir="ltr" class="s2046635Normal-000001"><span class="s2046635DefaultParagraphFont">(2)    To pay the costs of the reference;</span></p><p dir="ltr" class="s2046635Normal-000001"><span class="s2046635DefaultParagraphFont">(3)    To satisfy and cancel of record the several liens in their order or priority, by payment of the sums due and to become due; the amount due to be verified by affidavit at the time of payment;</span></p><p dir="ltr" class="s2046635Normal-000001"><span class="s2046635DefaultParagraphFont">(4)    The residue among the owners of the property sold, according to their respective shares therein.</span></p><p dir="ltr" class="s2046635Normal"><span xml:space="preserve" class="s2046635000002"> </span></p><p dir="ltr" class="s2046635Normal"><span class="s2046635SCL">Source:</span><span xml:space="preserve" class="s2046635SCL-000003"> CCivP 1877, § 567; CL 1887, § 5381; RCCivP 1903, § 606; RC 1919, § 2817; SDC 1939 &amp; Supp 1960, § 37.1418.</span></p></div></body></html>