44-10-1. Pledge defined.
Pledge is a deposit of personal property or a contract transferring possession of such as security for an obligation.
Source: CivC 1877, §§1757, 1758; CL 1887, §§4392, 4393; RCivC 1903, §§2104, 2105; RC 1919, §§1605, 1606; SDC 1939, §39.0501.