43-39-20. Notice to owner of adverse claim.
A depository must give prompt notice to the person for whose benefit the deposit was made, of any proceedings taken adversely to his interest in the thing deposited which may tend to excuse the depository from delivering the thing to him.
Source: CivC 1877, §1042; CL 1887, §3666; RCivC 1903, §1361; RC 1919, §978; SDC 1939, §60.0102 (4).