South Dakota Codified Laws > Title 44 > Chapter 10 – Pledges of Personal Property


§ 44-10-1	Pledge defined
§ 44-10-2	Lien of pledge dependent on possession–Delivery essential to valid pledge
§ 44-10-3	Real owner cannot defeat pledge of property transferred to apparent owner for thepurpose of pledge
§ 44-10-4	Lienor may pledge property to the extent of his lien
§ 44-10-5	Pledge as security for obligation of another–Rights of pledgor, exception–Considerationfor pledge received from debtor cannot be withdrawn without consent
§ 44-10-6	Pledge holder–Selection–Duties
§ 44-10-7	Obligations of pledge holder–Exoneration from undertaking
§ 44-10-8	Obligations of pledgee and pledge holder–Assumption of duties and liabilities ofdepository
§ 44-10-9	Increase of property pledged–Covered by pledge lien
§ 44-10-10	Pledgee’s sale of securities–Evidences of debt–Exception

Contract: A legal written agreement that becomes binding when signed.
Dependent: A person dependent for support upon another.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Lien: A claim against real or personal property in satisfaction of a debt.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2