South Dakota Codified Laws
Chapter 10 - Pledges Of Personal Property
Section 44-10-10 - Pledgee's sale of securities--Evidences of debt--Exception.

44-10-10. Pledgee's sale of securities--Evidences of debt--Exception.
A pledgee cannot sell any evidences of debt pledged to him except the obligations of governments, states, or their subdivisions and public and private corporations; but he may collect the same when due.

Source: CivC 1877, §1777; CL 1887, §4412; RCivC 1903, §2124; RC 1919, §1625; SDC 1939, §39.0512.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 44 - Liens

Chapter 10 - Pledges Of Personal Property

Section 44-10-1 - Pledge defined.

Section 44-10-2 - Lien of pledge dependent on possession--Delivery essential to valid pledge.

Section 44-10-4 - Lienor may pledge property to the extent of his lien.

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for obligation of another--Rights of pledgor, exception--Consideration for pledge received from debtor cannot be withdrawn without consent.

Section 44-10-6 - Pledge holder--Selection--Duties.

Section 44-10-7 - Obligations of pledge holder--Exoneration from undertaking.