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 1939, §60.0102 (21).