South Dakota Statutes
§ 54-10-2 — Secured creditor's claim against general assets--Disclosure of nature of security.
South Dakota·Title 54 DEBTOR AND CREDITOR·Ch. 54-10 SECURED CREDITORS' CLAIMS IN LIQUIDATION PROCEEDINGS
In a liquidation proceeding every secured creditor's claim against the general assets shall disclose the nature of the security. When a decedent's estate already in the course of administration is judicially declared insolvent or when in an equity receivership it is determined that the subject under receivership is insolvent, secured creditors having claims on file which do not comply with this section shall make disclosure within a time to be fixed by the court.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 54-10-2 (Secured creditor's claim against general assets--Disclosure of nature of security.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1941, ch 162, § 2; SDC Supp 1960, § 37.26A02.
Nearby Sections
15
§ 54-1-2
Loan of money defined.§ 54-1-6
"Open account" defined.§ 54-1-7
Open account--Interest rates.§ 54-1-9
"Securitization" defined.§ 54-10-1
Definition of terms.§ 54-10-10
Value of security, determination by liquidator's sale of assets--Order of sale, requirements.§ 54-10-13
Uniformity of interpretation of chapter.