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.

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Terms Used In South Dakota Codified Laws 44-11-11

  • Dependent: A person dependent for support upon another.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2

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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