Section 44-12-116. Revocability of loans

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The lender may not revoke a loan which is made for a definite time so long as the borrower meets fully his engagements with respect to such loan. A loan at will or a loan made for an indefinite time may be revoked at any time.

Orig. Code 1863, § 2109; Code 1868, § 2104; Code 1873, § 2131; Code 1882, § 2131; Civil Code 1895, § 2950; Civil Code 1910, § 3522; Code 1933, § 12-507.

                    
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