Sections 51A-15-38, 51A-15-39 - Partial distributions to claim holders authorized--Final distribution. Priority of claims in liquidation proceedings - South-dakota Statutes

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Statutes > South-dakota > Title-51a > Chapter-15 > Statutes-51a-15-38-51a-15-39

51A-15-38. Partial distributions to claim holders authorized--Final distribution. After filing his schedule the director or receiver may, from time to time, make partial distribution to the holders of claims which are undisputed or have been allowed by the court, if a proper reserve is established for the payment of disputed claims. As soon as is practicable after the determination of all objections the director or receiver shall make final distribution.

Source: SL 1911, ch 256, §§ 16, 21, 22; SL 1915, ch 102, art 1, §§ 18 to 20; RC 1919, §§ 8934 to 8936; SL 1919, ch 118; SDC 1939, § 6.0618; SDCL, § 51-14-53; SL 1969, ch 11, § 13.20; SL 1988, ch 377, § 180; SDCL, § 51-27-30.

State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-15 > Statutes-51a-15-38-51a-15-39

51A-15-38. Partial distributions to claim holders authorized--Final distribution. After filing his schedule the director or receiver may, from time to time, make partial distribution to the holders of claims which are undisputed or have been allowed by the court, if a proper reserve is established for the payment of disputed claims. As soon as is practicable after the determination of all objections the director or receiver shall make final distribution.

Source: SL 1911, ch 256, §§ 16, 21, 22; SL 1915, ch 102, art 1, §§ 18 to 20; RC 1919, §§ 8934 to 8936; SL 1919, ch 118; SDC 1939, § 6.0618; SDCL, § 51-14-53; SL 1969, ch 11, § 13.20; SL 1988, ch 377, § 180; SDCL, § 51-27-30.

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State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-15 > Statutes-51a-15-38-51a-15-39

51A-15-38. Partial distributions to claim holders authorized--Final distribution. After filing his schedule the director or receiver may, from time to time, make partial distribution to the holders of claims which are undisputed or have been allowed by the court, if a proper reserve is established for the payment of disputed claims. As soon as is practicable after the determination of all objections the director or receiver shall make final distribution.

Source: SL 1911, ch 256, §§ 16, 21, 22; SL 1915, ch 102, art 1, §§ 18 to 20; RC 1919, §§ 8934 to 8936; SL 1919, ch 118; SDC 1939, § 6.0618; SDCL, § 51-14-53; SL 1969, ch 11, § 13.20; SL 1988, ch 377, § 180; SDCL, § 51-27-30.