If a loan is for the personal benefit and use of the borrower, he cannot transfer the possession of the thing loaned to another without the consent, express or implied, of the lender. If the loan is for a definite time, the borrower has no such interest in the thing loaned as it may be subject to levy and sale.
Section: Previous 44-12-110 44-12-111 44-12-112 44-12-113 44-12-114 44-12-115 44-12-116 44-12-117 44-12-118 44-12-119 44-12-120 NextLast modified: October 14, 2016