South Dakota Statutes
§ 58-26-8 — Personal property acquired pursuant to chattel mortgage--Restriction as to valuation.
Personal property acquired pursuant to chattel mortgages made in accordance with §§ 58-27-45 to 58-27-47 , inclusive, shall not be valued at an amount greater than the unpaid balance of principal on the defaulted loan at the date of acquisition, together with taxes and expenses incurred in connection with such acquisition, or the fair value of such property, whichever amount is the lesser.
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South Dakota § 58-26-8 (Personal property acquired pursuant to chattel mortgage--Restriction as to valuation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 5, § 14 (3).
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.