Section 54-10-8 - Value of security, determination by compromise--Redemption of assets by liquidator

54-10-8. Value of security, determination by compromise--Redemption of assets by liquidator.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. Source: SL 1941, ch 162, §6; SDC Supp 1960, §37.26A06 (1).