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).
Security other than obligation for the payment of money--Determination of value
SDCL § 54-10-6 — under SECURED CREDITORS' CLAIMS IN LIQUIDATION PROCEEDINGS.
SDCL § 54-10-6