Section 54-10-6 - Security other than obligation for the payment of money--Determination of value

54-10-6. Security other than obligation for the payment of money--Determination of value.When the asset constituting the security is something other than an obligation for the payment of money, the secured creditor may determine its value by creditor's sale. Source: SL 1941, ch 162, §5; SDC Supp 1960, §37.26A05 (2).