Banks and savings and loan associations--General lien--Dependent on possession.

  1. Law
  2. South Dakota Codified Laws
  3. Liens
  4. Occupational And Commercial Liens On Personal Property
  5. Banks and savings and loan associations--General lien--Dependent on possession.

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44-11-11. Banks and savings and loan associations--General lien--Dependent on possession.

A bank or savings and loan association has a general lien, dependent on possession, upon all property in its hands belonging to a customer, for the balance due to it from such customer in the course of business.

Source: CivC 1877, §1808; CL 1887, §4443; RCivC 1903, §2155; RC 1919, §1696; SDC 1939, §39.1503; SL 1981, ch 312, §1.


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