§ 58-29B-122 Valuation of security held by secured creditor.

SD Codified L § 58-29B-122 (2019) (N/A)
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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, § 122.