North Dakota Code 47-12-11 – Return of property on demand of lender
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The lender of personal property for use may require its return at any time even though the lender lent it for a specified time or purpose. If, on the faith of such an agreement, the borrower has made such arrangements that a return of the property before the time agreed upon would cause the borrower loss exceeding the benefit derived by the borrower from the loan, the lender shall indemnify the borrower for such loss if the lender compels such return and the borrower has not violated the borrower’s duty in any manner.
Terms Used In North Dakota Code 47-12-11
- Property: includes property, real and personal. See North Dakota Code 1-01-49