43-36-2. Validity of verbal gift--Means of obtaining possession and control--Delivery.
A verbal gift is not valid, unless the means of obtaining possession and control of the thing are given; nor, if it is capable of delivery, unless there is an actual or symbolical delivery of the thing to the donee.
Source: CivC 1877, §640; CL 1887, §3261; RCivC 1903, §954; RC 1919, §562; SDC 1939, §51.1507.
Structure South Dakota Codified Laws
Chapter 36 - Gifts Of Personal Property
Section 43-36-1 - Gift defined.
Section 43-36-2 - Validity of verbal gift--Means of obtaining possession and control--Delivery.
Section 43-36-3 - Gift not subject to revocation by giver--Exception--Gift in view of death.
Section 43-36-4 - Gift in view of death--Definition.
Section 43-36-5 - Gift in view of death--Presumption.
Section 43-36-6 - Gift in view of death--Revocation--Rights of bona fide purchaser protected.
Section 43-36-7 - Gift in view of death not affected by will--Exception.
Section 43-36-8 - Gift in view of death--Treatment as legacy--Creditors of giver.