A depository must give prompt notice to the person for whose benefit the deposit was made, of any proceedings taken adversely to his interest in the thing deposited which may tend to excuse the depository from delivering the thing to him.

Terms Used In South Dakota Codified Laws 43-39-20

  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2

Source: CivC 1877, § 1042; CL 1887, § 3666; RCivC 1903, § 1361; RC 1919, § 978; SDC 1939, § 60.0102 (4).