44-5-1. Lien extinguishable as accessory obligation. A lien is to be deemed accessory to the act for the performance of which it is security, whether any person is bound for such performance or not and is extinguishable as any accessory obligation. Source: CivC 1877, §1717; CL 1887, §4341; RCivC 1903, §2037; RC 1919, §1542; SDC […]
44-5-2. Voluntary restoration of property to owner by lien holder–Extinguishment of lien–Exception. The voluntary restoration of property to its owner by the holder of a lien thereon dependent upon possession extinguishes the lien as to such property unless otherwise agreed by the parties and extinguishes it, notwithstanding any such agreement, as to creditors of the […]
44-5-3. Sale or conversion of property subject to lien–Satisfaction of claim–Lien extinguished. The sale of any property on which there is a lien toward satisfaction of the claim secured thereby, and in case of personal property, its wrongful conversion by the person holding the lien, extinguishes the lien thereon. Source: CivC 1877, §1718; CL 1887, […]
44-5-4. Act secured by lien–Partial performance does not extinguish lien. The partial performance of an act secured by a lien does not extinguish the lien upon any part of the property, even if it is divisible. Source: CivC 1877, §1720; CL 1887, §4344; RCivC 1903, §2040; RC 1919, §1545; SDC 1939, §39.0122.
44-5-5. Lien not extinguished by limitation of action on main obligation. A lien is not extinguished by the mere lapse of the time within which an action could be brought upon the main obligation under the statutes of limitation of actions. Source: CivC 1877, §1719; CL 1887, §4343; RCivC 1903, §2039; RC 1919, §1544; SDC […]
