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§ 44-9-34 Foreclosure of liens--Appointment of receiver on request of majority of lien holders, parties to action.

SD Codified L § 44-9-34 (2019) (N/A)
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44-9-34. Foreclosure of liens--Appointment of receiver on request of majority of lien holders, parties to action. Whenever action has been commenced for the foreclosure of liens, under this chapter, and a majority of the lien holders, parties to such action, shall by motion request the appointment of a receiver, the court may appoint a receiver to take possession of all the property covered by such liens and to take care of and preserve the same.

Source: SL 1909, ch 51, § 8; SL 1915, ch 243, § 8; RC 1919, § 1638; SDC 1939, § 39.0717.

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§ 44-9-35 Foreclosure of liens involving public utility--Receivership created instead of directing sale of property.