44-1-8. Forfeiture of property to satisfy obligation secured by lien or restraint of right of redemption void.
32 words·~1 min read·
/sd/title-44/chapter-44-1/44-1-8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All contracts for forfeiture of property subject to a lien in satisfaction of the obligation secured thereby and all contracts in restraint of the right of redemption from a lien are void.