There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 54 DEBTOR AND CREDITOR
Chapter 10. Secured Creditors' Claims In Liquidation Proceedings
§54-10-2 Secured creditor's claim against general assets--Disclosure of nature of security.
SD Codified L § 54-10-2 (through 2012) What's This?
54-10-2. Secured creditor's claim against general assets--Disclosure of nature of security. 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.
Source: SL 1941, ch 162, § 2; SDC Supp 1960, § 37.26A02.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
