58-29B-122. Valuation of security held by secured creditor.
62 words·~1 min read·
/sd/title-58/chapter-58-29/58-29b-122·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.