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§ 54-10-8 Value of security, determination by compromise--Redemption of assets by liquidator.

SD Codified L § 54-10-8 (2019) (N/A)
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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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§ 54-10-7 Statutory provisions for determination of value of obligations impracticable or resulting in undue delay--Alternative method for determination of value.
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§ 54-10-9 Value of security, determination by litigation--Redemption of assets by liquidator.