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.
South Dakota Legal Code