54-10-8. Value of security, determination by compromise--Redemption of assets by liquidator.
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/sd/title-54/chapter-54-10/54-10-8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Under the circumstances described by § 54-10-7 , the court may order the value of the security determined by compromise, if the secured creditor and the liquidator agree upon a value. The liquidator may redeem such assets by payment of the agreed value, if authorized by the court.