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Official Code of Georgia Annotated

Title 44. PROPERTY · Chapter 12. RIGHTS IN PERSONALTY · Article 3. BAILMENTS · Part 4. LOANS OF PROPERTY

44-12-113. Loan beneficiaries and responsibilities.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. A loan is generally entirely for the benefit of the borrower, but sometimes it is for the joint benefit of the lender and the borrower and occasionally it is for the exclusive benefit of the lender. Where the loan is for the joint benefit of the lender and the borrower or is for the exclusive benefit of the lender, the responsibility of the borrower is varied and less stringent according to the circumstances and purpose of the loan.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Orig. Code 1863, § 2105; Code 1868, § 2100; Code 1873, § 2127; Code 1882, § 2127; Civil Code 1895, § 2946; Civil Code 1910, § 3518; Code 1933, § 12-503.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t44-ch8-15-(v32)-2022-pdf.pdf, Volume V32, 2022 edition, pages 230 to 231; merge action: carried; file SHA-256 02e72213893a.