GroundRules
SDCL § 54-10-5: Obligation for payment of money as security--Determination of value.
Where this section sits in the code
- TITLE 54. DEBTOR AND CREDITOR
- CHAPTER 54-10. SECURED CREDITORS' CLAIMS IN LIQUIDATION PROCEEDINGS
When the asset constituting the security is an obligation for the payment of money, the secured creditor may determine its value by collection or by exhausting his remedies thereon and then surrendering the obligation to the liquidator.
Collected 2026-09-03T15:18:57Z. Source file · JSON