Statutes > South Dakota Statutes > Title 54 - DEBTOR AND CREDITOR > Chapter 10 - Secured Creditors' Claims In Liquidation Proceedings > Section 54-10-6 - Security other than obligation for the payment of money--Determination of value.

Section 54-10-6 - Security other than obligation for the payment of money--Determination of value.

54-10-6. Security other than obligation for the payment of money--Determination of value. When the asset constituting the security is something other than an obligation for the payment of money, the secured creditor may determine its value by creditor's sale.

Source: SL 1941, ch 162, § 5; SDC Supp 1960, § 37.26A05 (2).