21-48A-2. Lien released upon failure of junior lienholder to redeem.
35 words·~1 min read·
/sd/title-21/chapter-21-48/21-48a-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A junior lienholder may redeem the real property pursuant to § 21-48A-5 . If a junior lienholder fails to redeem its lien as provided in this chapter, its lien shall be released from the property.