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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 29B - Insurers Supervision, Rehabilitation And Liquidation
§ 58-29B-122 Valuation of security held by secured creditor.
Universal Citation: SD Codified L § 58-29B-122 (2019)
58-29B-122. Valuation of security held by secured creditor. The value of any security held by a secured creditor shall be determined in one of the following ways, as the court may direct:
(1) By converting the same into money according to the terms of the agreement pursuant to which the security was delivered to such creditors; or
(2) By agreement, arbitration, compromise, or litigation between the creditor and the liquidator.
Source: SL 1989, ch 436, ยง 122.
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