GEORGIA CODE (Last Updated: August 20, 2013) |
Title 44. PROPERTY |
Chapter 12. RIGHTS IN PERSONALTY |
Article 3. BAILMENTS |
Part 4. LOANS OF PROPERTY |
Section 44-12-117. Liability for necessary and extraordinary charges and expenses
Latest version.
- Since a loan is gratuitous, the borrower must pay all necessary charges and expenses in preserving and taking care of the property during the time of the loan. If, however, extraordinary expenses are necessary to protect the property from destruction, the lender must reimburse the borrower for such expenses.
Orig. Code 1863, § 2110; Code 1868, § 2105; Code 1873, § 2132; Code 1882, § 2132; Civil Code 1895, § 2951; Civil Code 1910, § 3523; Code 1933, § 12-508.