South Dakota § 21-49-26 - Mortgagee may purchase at sale--Bid required.
Full text of South Dakota South Dakota Codified Laws § 21-49-26 — Mortgagee may purchase at sale--Bid required., with citation guidance and answers to common questions.
§ 21-49-26. Mortgagee may purchase at sale--Bid required.
The holder of the mortgage may purchase the premises or any part thereof at the foreclosure sale if the holder bids therefor the full amount of the judgment debt, less the sum of the balances due, as of the date of sale, on any prior liens or encumbrances upon the mortgaged premises, including liens or charges for real property taxes and special assessments. In no event, however, may the holder of the mortgage be required to bid a sum in excess of the debt adjudged to be due, with the costs included in the judgment upon which sale was made, and expenses of sale.
Source: SL 1977, ch 187, § 15; SL 1989, ch 191, § 3.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 21-49-26
What does South Dakota Codified Laws § 21-49-26 cover?
Section 21-49-26 ("Mortgagee may purchase at sale--Bid required.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 21-49-26?
A common citation format is "South Dakota Codified Laws § 21-49-26" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 21-49-26 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.