Statutes, codes, and regulations
South Dakota Codified Laws
Title 54 - DEBTOR AND CREDITOR
Chapter 10 - SECURED CREDITORS' CLAIMS IN LIQUIDATION PROCEEDINGS
Section 54-10-6 - Security other than obligation for the payment of money-Determination of value

S.D. Codified Laws § 54-10-6

Download
PDF
Current through the 2024 Legislative Session
Section 54-10-6 - Security other than obligation for the payment of money-Determination of value

When the asset constituting the security is something other than an obligation for the payment of money, the secured creditor may determine its value by creditor's sale.

SDCL 54-10-6

SL 1941, ch 162, § 5; SDC Supp 1960, § 37.26A05 (2).