CHAPTER 129
(SB 123)
Sheriffs to receive payment for marshaling assets.
ENTITLED, An Act to
provide that sheriffs receive payment for marshaling assets for an
execution of judgment or execution sale even if no sale occurs.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section
1.
That
§
15-18-32
be amended to read as follows:
15-18-32.
The party for whom the execution was issued or
his
the party's
attorney of record,
or otherwise authorized, may abandon proceedings under any execution at any time by filing with
the court from which issued a written statement of such abandonment, or by causing the writ to be
returned and filed with an endorsement to the effect that it had been so abandoned, and by paying
the costs of such execution and proceedings thereunder,
including any actual out-of-pocket
expenses and reasonable costs incurred by the sheriff,
and by discharging of record any notice of
levy which has been filed in any recording or registry office, and by releasing any property seized
thereunder. All proceedings, notices, levies, and liens taken pursuant to such execution shall be
deemed abandoned, discharged, and released upon the filing of such statement or endorsement.
The abandonment of an execution as herein permitted shall be without prejudice to the issue of
subsequent executions.
Section
2.
That
§
15-19-35
be amended to read as follows:
15-19-35.
It shall be the duty of every
Every
officer or person who conducts an execution sale
to
shall
apply the proceeds of such sale:
(1)
To the payment of the costs and expenses of the sale
, including any actual out-of-pocket
expenses and reasonable costs incurred by a sheriff
;
(2)
To the satisfaction of the execution under which the sale is made;
(3)
To the satisfaction of any other execution in
his
the officer's or person's
hands, to which
such proceeds may be lawfully applied;
(4)
To pay the surplus, if any, to the defendant, or into court for the use of the defendant or
the person entitled thereto, subject to the order of the court. If such surplus or any part
thereof
shall remain
remains
in the court for the term of three months without being
applied for, the court may direct the same to be put out at interest for the benefit of the
defendant,
his
the defendant's
representatives, or assigns, subject to the order of the
court.
Signed March 7, 2007