§ 47-12-11 — Return of property on demand of lender

The lender of personal property for use may require its return at any time even though the
lender lent it for a specified time or purpose. If, on the faith of such an agreement, the borrower
has made such arrangements that a return of the property before the time agreed upon would

cause the borrower loss exceeding the benefit derived by the borrower from the loan, the lender
shall indemnify the borrower for such loss if the lender compels such return and the borrower
has not violated the borrower's duty in any manner.