Statutes, codes, and regulations
South Dakota Codified Laws
Title 44 - LIENS
Chapter 10 - PLEDGES OF PERSONAL PROPERTY
Section 44-10-3 - Real owner cannot defeat pledge of property transferred to apparent owner for the purpose of pledge

S.D. Codified Laws § 44-10-3

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Current through the 2024 Legislative Session
Section 44-10-3 - Real owner cannot defeat pledge of property transferred to apparent owner for the purpose of pledge

One who has allowed another to assume the apparent ownership of property for the purpose of making any transfer of it cannot set up his own title to defeat a pledge of the property made by the other to a pledgee who received the property in good faith in the ordinary course of business and for value.

SDCL 44-10-3

CivC 1877, § 1762; CL 1887, § 4397; RCivC 1903, § 2109; RC 1919, § 1610; SDC 1939, § 39.0505.