44-10-6. Pledge holder--Selection--Duties.A pledgor and pledgee may agree upon a third person with whom to deposit the property pledged who, if he accepts, becomes a pledge holder. He must enforce all of the rights of the pledgee unless authorized by him to waive them. Source: CivC 1877, §§1764, 1767; CL 1887, §§4399, 4402; RCivC 1903, §§2111, 2114; RC 1919, §§1612, 1615; SDC 1939, §39.0507.
South Dakota Legal Code