A verbal gift is not valid, unless the means of obtaining possession and control of the thing are given; nor, if it is capable of delivery, unless there is an actual or symbolical delivery of the thing to the donee. Source: CivC 1877, § 640; CL 1887, § 3261; RCivC 1903, § 954; RC 1919, § 562; SDC 1939, § 51.1507.
Validity of verbal gift--Means of obtaining possession and control--Delivery
SDCL § 43-36-2 — under GIFTS OF PERSONAL PROPERTY.
SDCL § 43-36-2