South Dakota Codified Laws
Chapter 10 - Pledges Of Personal Property
Section 44-10-11 - Debtor's misrepresentation of value of pledge.

44-10-11. Debtor's misrepresentation of value of pledge.
Where a debtor has obtained credit or an extension of time by a fraudulent representation of the value of the property pledged by or for him, the creditor may demand a further pledge to correspond with the value represented; and in default thereof may foreclose the pledge and recover his debt immediately though it be not actually due.

Source: CivC 1877, §1770; CL 1887, §4405; RCivC 1903, §2117; RC 1919, §1618; SDC 1939, §39.0510.

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for obligation of another--Rights of pledgor, exception--Consideration for pledge received from debtor cannot be withdrawn without consent.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

Section 44-10-8 - Obligations of pledgee and pledge holder--Assumption of duties and liabilities of depository.