Statutes > South Dakota Statutes > Title 44 - LIENS > Chapter 10 - Pledges Of Personal Property > Section 44-10-8 - Obligations of pledgee and pledge holder--Assumption of duties and liabilities ofdepository.

Section 44-10-8 - Obligations of pledgee and pledge holder--Assumption of duties and liabilities ofdepository.

44-10-8. Obligations of pledgee and pledge holder--Assumption of duties and liabilities of depository. A pledgee or pledge holder for reward assumes the duties and liabilities of a depository for reward. A gratuitous pledge holder assumes the duties and liabilities of a gratuitous depository.

Source: CivC 1877, §§ 1768, 1769; CL 1887, §§ 4403, 4404; RCivC 1903, §§ 2115, 2116; RC 1919, §§ 1616, 1617; SDC 1939, § 39.0509.