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2021 South Dakota Codified Laws
Title 54 - Debtor and Creditor
Chapter 10 - Secured Creditors' Claims In Liquidation Proceedings
Section 54-10-6 - Security other than obligation for the payment of money--Determination of value.
Universal Citation: SD Codified L § 54-10-6 (2021)
54-10-6. Security other than obligation for the payment of money--Determination of value.
When the asset constituting the security is something other than an obligation for the payment of money, the secured creditor may determine its value by creditor's sale.
Source: SL 1941, ch 162, §5; SDC Supp 1960, §37.26A05 (2).
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