43-39-27. Indemnification of depository by depositor. A depositor must indemnify the depository: (1)For all damage caused to him by the defects or vices of the thing deposited; and (2)For all expenses necessarily incurred by him about the thing, other than such as are involved in the nature of the undertaking. Source: CivC 1877, §1045; CL […]
43-39-28. Rights of parties to terminate deposit. In the absence of an agreement as to the length of time during which a deposit is to continue, it may be terminated by the depositor at any time, and by the depository upon reasonable notice. Source: CivC 1877, §1060; CL 1887, §3684; RCivC 1903, §1379; RC 1919, […]
43-39-29. Termination of deposit–Payment of charges to become due. Notwithstanding an agreement respecting the length of time during which a deposit is to continue, it may be terminated by the depositor on paying all that would become due to the depository in case of the deposit so continuing. Source: CivC 1877, §1061; CL 1887, §3685; […]
43-39-3. Involuntary deposit, making of–Duty of involuntary depository. An involuntary deposit is made: (1)By the accidental leaving or placing of personal property in the possession of any person, without negligence on the part of its owner; or (2)In cases of fire, shipwreck, inundation, insurrection, riot, or like extraordinary emergencies, by the owner of personal property […]
43-39-4. Deposit for keeping defined. A deposit for keeping is one in which the depository is bound to return the identical thing deposited. Source: CivC 1877, §1037; CL 1887, §3661; RCivC 1903, §1356; RC 1919, §973; SDC 1939, §60.0101 (3).
43-39-5. Deposit for exchange defined. A deposit for exchange is one in which the depository is only bound to return a thing corresponding in kind to that which is deposited. Source: CivC 1877, §1038; CL 1887, §3662; RCivC 1903, §1357; RC 1919, §974; SDC 1939, §60.0101 (4).
43-39-6. Gratuitous deposit defined. Gratuitous deposit is a deposit for which the depository receives no consideration beyond the mere possession of the thing deposited; an involuntary deposit is gratuitous, the depository being entitled to no reward. Source: CivC 1877, §§1053, 1054; CL 1887, §§3677, 3678; RCivC 1903, §§1372, 1373; RC 1919, §§989, 990; SDC 1939, […]
43-39-7. Deposit for storage defined–Depository as depository for hire. A deposit not gratuitous is called storage. The depository in such case is called a depository for hire. Source: CivC 1877, §1057; CL 1887, §3681; RCivC 1903, §1376; RC 1919, §993; SDC 1939, §60.0101 (6).
43-39-8. Rights and duties of depositor and depository. Rights and duties of the depositor and depository are set forth in §§43-39-9 to 43-39-29, inclusive. Source: SDC 1939, §60.0102.
43-39-9. Deposit for exchange–Transfer of title to deposit–Creation of debtor and creditor relationship. A deposit for exchange transfers to the depository the title to the thing deposited, and creates between him and the depositor the relation of debtor and creditor merely. Source: CivC 1877, §1073; CL 1887, §3697; RCivC 1903, §1393; RC 1919, §1016; SDC […]
