44-3-6. Subrogation of inferior lien holder.One who has a lien inferior to another upon the same property has a right to be subrogated to all the benefits of the superior lien when necessary for the protection of his interests upon satisfying the claim secured thereby. Source: CivC 1877, §1715, subdiv 2; CL 1887, §4339, subdiv 2; RCivC 1903, §2035, subdiv 2; RC 1919, §1540 (2); SDC 1939, §39.0117 (2).
South Dakota Legal Code