The duties of a gratuitous depository cease:

(1) Upon his restoring the thing deposited to its owner; or

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(2) Upon his giving reasonable notice to the owner to remove it, and the owner failing to do so within a reasonable time. But an involuntary depository under subdivision 43-39-3(2) cannot give such notice until the emergency that gave rise to the deposit is past.

Source: CivC 1877, § 1056; CL 1887, § 3680; RCivC 1903, § 1375; RC 1919, § 992; SDC 1939, § 60.0102 (16).