TITLE 44 PROPERTY

Section 12. Rights in Personalty, 44-12-1 through 44-12-322.

ARTICLE 3 BAILMENTS

44-12-116. Revocability of loans.

The lender may not revoke a loan which is made for a definite time so long as the borrower meets fully his engagements with respect to such loan. A loan at will or a loan made for an indefinite time may be revoked at any time.

(Orig. Code 1863, § 2109; Code 1868, § 2104; Code 1873, § 2131; Code 1882, § 2131; Civil Code 1895, § 2950; Civil Code 1910, § 3522; Code 1933, § 12-507.)