Statutes > South Dakota Statutes > Title 43 - PROPERTY > Chapter 39 - Deposit Of Personal Property > Section 43-39-9 - Deposit for exchange--Transfer of title to deposit--Creation of debtor and creditorrelationship.

Section 43-39-9 - Deposit for exchange--Transfer of title to deposit--Creation of debtor and creditorrelationship.

43-39-9. Deposit for exchange--Transfer of title to deposit--Creation of debtor and creditor relationship. A deposit for exchange transfers to the depository the title to the thing deposited, and creates between him and the depositor the relation of debtor and creditor merely.

Source: CivC 1877, § 1073; CL 1887, § 3697; RCivC 1903, § 1393; RC 1919, § 1016; SDC 1939, § 60.0102 (21).