SDCL § 58-29B-122: Valuation of security held by secured creditor.
Where this section sits in the code
- TITLE 58. INSURANCE
- CHAPTER 58-29B. INSURERS SUPERVISION, REHABILITATION AND LIQUIDATION
The value of any security held by a secured creditor shall be determined in one of the following ways, as the court may direct:
(1) By converting the same into money according to the terms of the agreement pursuant to which the security was delivered to such creditors; or
(2) By agreement, arbitration, compromise, or litigation between the creditor and the liquidator.
Collected 2026-09-03T15:18:57Z. Source file · JSON