Pledgee's sale of securities--Evidences of debt--Exception.

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  2. South Dakota Codified Laws
  3. Liens
  4. Pledges Of Personal Property
  5. Pledgee's sale of securities--Evidences of debt--Exception.

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44-10-10. Pledgee's sale of securities--Evidences of debt--Exception.

A pledgee cannot sell any evidences of debt pledged to him except the obligations of governments, states, or their subdivisions and public and private corporations; but he may collect the same when due.

Source: CivC 1877, §1777; CL 1887, §4412; RCivC 1903, §2124; RC 1919, §1625; SDC 1939, §39.0512.


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