South Dakota Codified Laws 54-10-9. Value of security, determination by litigation–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 litigation, through proceedings in the liquidation proceeding. The liquidator may redeem such assets by paying the value so determined, if authorized by the court.
Terms Used In South Dakota Codified Laws 54-10-9
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
Source: SL 1941, ch 162, § 6; SDC Supp 1960, § 37.26A06 (2).