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

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Terms Used In South Dakota Codified Laws 58-29B-122

  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.

(2) By agreement, arbitration, compromise, or litigation between the creditor and the liquidator.

Source: SL 1989, ch 436, § 122.