South Dakota Codified Laws 44-10-1. Pledge defined
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Pledge is a deposit of personal property or a contract transferring possession of such as security for an obligation.
Terms Used In South Dakota Codified Laws 44-10-1
- Contract: A legal written agreement that becomes binding when signed.
- 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.
Source: CivC 1877, §§ 1757, 1758; CL 1887, §§ 4392, 4393; RCivC 1903, §§ 2104, 2105; RC 1919, §§ 1605, 1606; SDC 1939, § 39.0501.