South Dakota Statutes
§ 54-10-4 — Dividends to secured creditors--Computation.
South Dakota § 54-10-4
JurisdictionSouth Dakota
Title 54DEBTOR AND CREDITOR
Ch. 54-10SECURED CREDITORS' CLAIMS IN LIQUIDATION PROCEEDINGS
This text of South Dakota § 54-10-4 (Dividends to secured creditors--Computation.) 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 § 54-10-4 (2026).
Text
Dividends paid to secured creditors shall be computed only upon the balance due after the value of all security not exempt from the claims of unsecured creditors and not released or surrendered to the liquidator, is determined and credited upon the claim secured by it.
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Legislative History
SL 1941, ch 162, § 4; SDC Supp 1960, § 37.26A04.
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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 54-10-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/54-10-4.