South Dakota Codified Laws 54-10-8. Value of security, determination by compromise–Redemption of assets by liquidator
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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.
Terms Used In South Dakota Codified Laws 54-10-8
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1941, ch 162, § 6; SDC Supp 1960, § 37.26A06 (1).