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2022 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.
Universal Citation: SD Codified L § 44-10-2 (2022)
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.
Source: CivC 1877, §1759; CL 1887, §4394; RCivC 1903, §2106; RC 1919, §1607; SDC 1939, §39.0502.
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