South Dakota § 44-10-2 Lien of pledge dependent on possession--Delivery essential to valid pledge.

South Dakota Statutes

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

South Dakota·Title 44 LIENS·Ch. 44-10 PLEDGES OF PERSONAL PROPERTY

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.

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South Dakota § 44-10-2 (Lien of pledge dependent on possession--Delivery essential to valid pledge.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

CivC 1877, § 1759; CL 1887, § 4394; RCivC 1903, § 2106; RC 1919, § 1607; SDC 1939, § 39.0502.

Nearby Sections

15

§ 44-1-1

Lien defined.

§ 44-1-10

Lien limited to specified obligation.

§ 44-1-11

Lien holder not entitled to compensation from owner for expenses incurred respecting lien--Exception.

§ 44-1-12

Destruction, disposal, or removal of personal property subject to security interest as felony.

§ 44-1-13

Priority of lien securing future advances.

§ 44-1-2

Classification of liens--Definition of terms--General lien--Special lien.

§ 44-1-3

Application of general statutes to liens--Exception.

§ 44-1-4

Creation of lien--Contract--Operation of law.

§ 44-1-5

Security for performance of future obligations--Creation of lien.

§ 44-1-6

Agreement to create lien on future interest--Attachment of lien.

§ 44-1-7

Lien or contract of lien transfers no title to property.

§ 44-1-8

Forfeiture of property to satisfy obligation secured by lien or restraint of right of redemption void.

§ 44-1-9

Obligation to perform not implied from lien.

§ 44-10-1

Pledge defined.

§ 44-10-10

Pledgee's sale of securities--Evidences of debt--Exception.

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