South Dakota § 54-10-2 Secured creditor's claim against general assets--Disclosure of nature of security.

South Dakota Statutes

§ 54-10-2 — Secured creditor's claim against general assets--Disclosure of nature of security.

South Dakota § 54-10-2

Title 54DEBTOR AND CREDITOR

Ch. 54-10SECURED CREDITORS' CLAIMS IN LIQUIDATION PROCEEDINGS

This text of South Dakota § 54-10-2 (Secured creditor's claim against general assets--Disclosure of nature of security.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 54-10-2 (2026).

Text

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.

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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.