S.D. Codified Laws § 54-10-8

Current through the 2024 Legislative Session

Section 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.

SDCL 54-10-8

SL 1941, ch 162, § 6; SDC Supp 1960, § 37.26A06 (1).