S.D. Codified Laws § 58-29B-122

Current through the 2024 Legislative Session

Section 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.

SDCL 58-29B-122

SL 1989, ch 436, § 122.