There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 59 AGENCY
Chapter 05. Agent's Responsibility To Third Persons
§59-5-3 Surrender to third person of property received for principal.
SD Codified L § 59-5-3 (through 2011) What's This?
59-5-3. Surrender to third person of property received for principal. If an agent receives anything for the benefit of his principal, to the possession of which another person is entitled, he must, on demand, surrender it to such person, or so much of it as he has under his control at the time of demand, on being indemnified for any advance which he has made to his principal, in good faith, on account of the same; and is responsible therefor, if, after notice from the owner, he delivers it to his principal.
Source: CivC 1877, § 1378; CL 1887, § 4001; RCivC 1903, § 1697; RC 1919, § 1279; SDC 1939, § 3.0403.
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