Validity of verbal gift--Means of obtaining possession and control--Delivery.

  1. Law
  2. South Dakota Codified Laws
  3. Property
  4. Gifts Of Personal Property
  5. Validity of verbal gift--Means of obtaining possession and control--Delivery.

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43-36-2. Validity of verbal gift--Means of obtaining possession and control--Delivery.

A verbal gift is not valid, unless the means of obtaining possession and control of the thing are given; nor, if it is capable of delivery, unless there is an actual or symbolical delivery of the thing to the donee.

Source: CivC 1877, §640; CL 1887, §3261; RCivC 1903, §954; RC 1919, §562; SDC 1939, §51.1507.


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