§ 54-10-1 Definition of terms
§ 54-10-2 Secured creditor’s claim against general assets–Disclosure of nature of security
§ 54-10-3 Failure of secured creditor to disclose existence of security–Effect of concealment
§ 54-10-4 Dividends to secured creditors–Computation
§ 54-10-5 Obligation for payment of money as security–Determination of value
§ 54-10-6 Security other than obligation for the payment of money–Determination of value
§ 54-10-7 Statutory provisions for determination of value of obligations impracticable orresulting in undue delay–Alternative method for determination of value
§ 54-10-8 Value of security, determination by compromise–Redemption of assets by liquidator
§ 54-10-9 Value of security, determination by litigation–Redemption of assets by liquidator
§ 54-10-10 Value of security, determination by liquidator’s sale of assets–Order of sale,requirements
§ 54-10-11 Value of exempt security not credited upon claim
§ 54-10-12 Application of chapter to existing transactions
§ 54-10-13 Uniformity of interpretation of chapter
§ 54-10-14 Citation of chapter

Terms Used In South Dakota Codified Laws > Title 54 > Chapter 10 - Secured Creditors' Claims in Liquidation Proceedings

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Decedent: A deceased person.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2