Title 44. PROPERTY · Chapter 12. RIGHTS IN PERSONALTY · Article 3. BAILMENTS · Part 4. LOANS OF PROPERTY
44-12-117. Liability for necessary and extraordinary charges and expenses.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Since a loan is gratuitous, the borrower must pay all necessary charges and expenses in preserving and taking care of the property during the time of the loan. If, however, extraordinary expenses are necessary to protect the property from destruction, the lender must reimburse the borrower for such expenses.
History
Orig. Code 1863, § 2110; Code 1868, § 2105; Code 1873, § 2132; Code 1882, § 2132; Civil Code 1895, § 2951; Civil Code 1910, § 3523; Code 1933, § 12-508.
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 232 to 233; merge action: carried; file SHA-256 02e72213893a.
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