21-45-38. Separate securities taken in names of parties by referees.
The referees may take separate mortgages and other securities for the whole or convenient portions of the purchase money, or such parts of the property as are directed by the court to be sold on credit, for the shares of any known owner of full age, in the name of such owner; and for the shares of a minor, in the name of the conservator of such minor; and for other shares in the name of the clerk of courts, and his successors in office.
Source: SDC 1939 & Supp 1960, §37.1431; SL 1993, ch 213, §106.