Section 44-12-111. Nature of loan for use

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A loan for use is the gratuitous grant of an article to another for his use with the expectation that the article will be returned in specie. A loan for use may be made either for a definite time or for an indefinite time and is at the will of the grantor.

Orig. Code 1863, § 2104; Code 1868, § 2099; Code 1873, § 2126; Code 1882, § 2126; Civil Code 1895, § 2945; Civil Code 1910, § 3517; Code 1933, § 12-502.

                    
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