20-5-16. Passage of title to thing offered in performance.
The title to a thing duly offered in performance of an obligation passes to the creditor, if the debtor at the time signifies his intention to that effect.
Source: CivC 1877, §851; CL 1887, §3475; RCivC 1903, §1168; RC 1919, §775; SDC 1939, §47.0224.