Section 44-10-6 - Pledge holder--Selection--Duties. - South Dakota Statutes

44-10-6. Pledge holder--Selection--Duties. 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.

Source: CivC 1877, §§ 1764, 1767; CL 1887, §§ 4399, 4402; RCivC 1903, §§ 2111, 2114; RC 1919, §§ 1612, 1615; SDC 1939, § 39.0507.