Statutes, codes, and regulations
South Dakota Codified Laws
Title 44 - LIENS
Chapter 10 - PLEDGES OF PERSONAL PROPERTY
Section 44-10-5 - Pledge as security for obligation of another-Rights of pledgor, exception-Consideration for pledge received from debtor cannot be withdrawn without consent

S.D. Codified Laws § 44-10-5

Download
PDF
Current through the 2024 Legislative Session
Section 44-10-5 - Pledge as security for obligation of another-Rights of pledgor, exception-Consideration for pledge received from debtor cannot be withdrawn without consent

Property may be pledged as security for the obligation of a person other than the owner and in so doing the owner has all the rights of a pledgor for himself except that he cannot withdraw the property otherwise than as a pledgor for himself might; and if he receives from the debtor a consideration for the pledge, he cannot withdraw it without his consent.

SDCL 44-10-5

CivC 1877, §§ 1763, 1765; CL 1887, §§ 4398, 4400; RCivC 1903, §§ 2110, 2112; RC 1919, §§ 1611, 1613; SDC 1939, § 39.0506.