44-10-4. Lienor may pledge property to the extent of his lien.One who has a lien on property may pledge it to the extent of his lien. Source: CivC 1877, §1761; CL 1887, §4396; RCivC 1903, §2108; RC 1919, §1609; SDC 1939, §39.0504.
South Dakota Legal Code