There is a newer version of the South Dakota Codified Laws
2015 South Dakota Codified Laws
Title 54 - DEBTOR AND CREDITOR
Chapter 10 - Secured Creditors' Claims In Liquidation Proceedings
§ 54-10-9 Value of security, determination by litigation--Redemption of assets by liquidator.
SD Codified L § 54-10-9 (2015) What's This?
54-10-9. Value of security, determination by litigation--Redemption of assets by liquidator.
Under the circumstances described by § 54-10-7, the court may order the value of the security determined by litigation, through proceedings in the liquidation proceeding. The liquidator may redeem such assets by paying the value so determined, if authorized by the court.
Source: SL 1941, ch 162, § 6; SDC Supp 1960, § 37.26A06 (2).
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