One who has a lien on property may pledge it to the extent of his lien.
S.D. Codified Laws § 44-10-4
Lienor may pledge property to the extent of his lien
Source: CivC 1877, § 1761; CL 1887, § 4396; RCivC 1903, § 2108; RC 1919, § 1609; SDC 1939, § 39.0504.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.