Indiana § 28-7-5-29 Liability for loss to pledger; due care

Indiana Statutes

§ 28-7-5-29 — Liability for loss to pledger; due care

Indiana § 28-7-5-29

Art. 7SPECIALIZED FINANCIAL INSTITUTIONS

Ch. 5Pawnbrokers

This text of Indiana § 28-7-5-29 (Liability for loss to pledger; due care) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-7-5-29 (2026).

Text

A pawnbroker shall be liable for the loss of
a pledge resulting from the pawnbroker's failure to exercise reasonable
care in regard to it, but the pawnbroker shall not be liable for the loss
of a pledge which could not have been avoided by the exercise of
reasonable care. The burden of proof to establish due care shall be
upon the pawnbroker.
Formerly: Acts 1935, c.195, s.28. As amended by P.L.14-1992,
SEC.153.

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A pawnbroker shall be liable for the loss of
a pledge resulting from the pawnbroker's failure to exercise reasonable
care in regard to it, but the pawnbroker shall not be liable for the loss
of a pledge which could not have been avoided by the exercise of
reasonable care. The burden of proof to establish due care shall be
upon the pawnbroker.
Formerly: Acts 1935, c.195, s.28. As amended by P.L.14-1992,
SEC.153.