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Code · South Dakota · Title 44 · Chapter 44-10

44-10-2. Lien of pledge dependent on possession--Delivery essential to valid pledge.

28 words·~1 min read·/sd/title-44/chapter-44-10/44-10-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The lien of a pledge is dependent on possession, and no pledge is valid until the property pledged is delivered to the pledgee or to a pledge holder.
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