Valuation of security held by secured creditor.

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58-29B-122. Valuation of security held by secured creditor.

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.

Source: SL 1989, ch 436, §122.


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