North Dakota § 47-12-11 Return of property on demand of lender

North Dakota Statutes

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

North Dakota § 47-12-11

Title 47Property

Ch. 47-12Loans of Personal Property for Use

This text of North Dakota § 47-12-11 (Return of property on demand of lender) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 47-12-11 (2026).

Text

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.

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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.