44-10-8. Obligations of pledgee and pledge holder--Assumption of duties and liabilities of depository.
A pledgee or pledge holder for reward assumes the duties and liabilities of a depository for reward. A gratuitous pledge holder assumes the duties and liabilities of a gratuitous depository.
Source: CivC 1877, §§1768, 1769; CL 1887, §§4403, 4404; RCivC 1903, §§2115, 2116; RC 1919, §§1616, 1617; SDC 1939, §39.0509.
Structure South Dakota Codified Laws
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 44-10-6 - Pledge holder--Selection--Duties.
Section 44-10-7 - Obligations of pledge holder--Exoneration from undertaking.
Section 44-10-9 - Increase of property pledged--Covered by pledge lien.
Section 44-10-10 - Pledgee's sale of securities--Evidences of debt--Exception.
Section 44-10-11 - Debtor's misrepresentation of value of pledge.