Statutes, codes, and regulations
South Dakota Codified Laws
Title 44 - LIENS
Chapter 10 - PLEDGES OF PERSONAL PROPERTY
Section 44-10-2 - Lien of pledge dependent on possession-Delivery essential to valid pledge

S.D. Codified Laws § 44-10-2

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Current through the 2024 Legislative Session
Section 44-10-2 - Lien of pledge dependent on possession-Delivery essential to valid pledge

The lien of a pledge is dependent on possession, and no pledge is valid until the property pledged is delivered to the pledgee or to a pledge holder.

SDCL 44-10-2

CivC 1877, § 1759; CL 1887, § 4394; RCivC 1903, § 2106; RC 1919, § 1607; SDC 1939, § 39.0502.