§ 60-01-17 — Notice of wrongful detention

A depositary who believes that a thing deposited with the depositary is detained wrongfully
from its true owner may give the true owner notice of the deposit. If within a reasonable time
afterward the true owner does not claim it and sufficiently establish the true owner's right thereto
and indemnify the depositary against the claim of the depositor, the depositary is exonerated
from liability to the person to whom the depositary gave the notice, upon returning the thing to
the depositor, or assuming in good faith a new obligation changing the depositary's position in
respect to the thing to the depositary's prejudice.