South Dakota Statutes
§ 54-10-6 — Security other than obligation for the payment of money--Determination of value.
South Dakota·Title 54 DEBTOR AND CREDITOR·Ch. 54-10 SECURED CREDITORS' CLAIMS IN LIQUIDATION PROCEEDINGS
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.
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South Dakota § 54-10-6 (Security other than obligation for the payment of money--Determination of value.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1941, ch 162, § 5; SDC Supp 1960, § 37.26A05 (2).
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.