2015 South Dakota Codified Laws
Title 54 - DEBTOR AND CREDITOR
Chapter 10 - Secured Creditors' Claims In Liquidation Proceedings
§ 54-10-8 Value of security, determination by compromise--Redemption of assets by liquidator.
54-10-8. Value of security, determination by compromise--Redemption of assets by liquidator.
Under the circumstances described by § 54-10-7, the court may order the value of the security determined by compromise, if the secured creditor and the liquidator agree upon a value. The liquidator may redeem such assets by payment of the agreed value, if authorized by the court.
Source: SL 1941, ch 162, § 6; SDC Supp 1960, § 37.26A06 (1).
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