2011 South Dakota Code
Title 54 DEBTOR AND CREDITOR
Chapter 09. Assignment For Benefit Of Creditors
§54-9-13.9 Sales at public auction--Procedure for private sales and sales of perishable property.


SD Codified L § 54-9-13.9 (through 2011) What's This?

54-9-13.9. Sales at public auction--Procedure for private sales and sales of perishable property. All sales as provided in § 54-9-13.8 shall be had at public auction unless otherwise ordered by the judge. Upon application to the judge, and for good cause shown, the assignee may be authorized to sell any portion of the estate at private sale; in which case he shall keep an accurate record of each article sold, and the price received therefor, and to whom sold; which account he shall file at once. Upon application by the assignee or a creditor setting forth that a part or the whole of the estate is perishable, the nature and location of such perishable property, and that there will be loss if the same is not sold immediately, the judge, if satisfied of the facts stated and that the sale is required in the interest of the estate, may order the same to be sold with or without notice to creditors.

Source: SDC Supp 1960, ch 37.51 as added by SL 1969, ch 162, § 6.

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.