44-10-6. Pledge holder--Selection--Duties.
42 words·~1 min read·
/sd/title-44/chapter-44-10/44-10-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A pledgor and pledgee may agree upon a third person with whom to deposit the property pledged who, if he accepts, becomes a pledge holder. He must enforce all of the rights of the pledgee unless authorized by him to waive them.