South Dakota Statutes
§ 44-10-7 — Obligations of pledge holder--Exoneration from undertaking.
South Dakota § 44-10-7
This text of South Dakota § 44-10-7 (Obligations of pledge holder--Exoneration from undertaking.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 44-10-7 (2026).
Text
A pledge holder for reward cannot exonerate himself from his undertaking; and a gratuitous pledge holder can do so only by giving reasonable notice to the pledgor and pledgee to appoint a new pledge holder, and in case of their failure to agree, by depositing the property pledged with some impartial person who will then be entitled to a reasonable compensation for his care of the same.
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Legislative History
CivC 1877, § 1766; CL 1887, § 4401; RCivC 1903, § 2113; RC 1919, § 1614; SDC 1939, § 39.0508.
Nearby Sections
15
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Bluebook (online)
South Dakota § 44-10-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/44-10-7.