Indiana Code 28-7-5-29. Liability for loss to pledger; due care
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Terms Used In Indiana Code 28-7-5-29
- Pawnbroker: means any person, partnership, association, limited liability company, or corporation that engages in the pawn business. See Indiana Code 28-7-5-2
- Pledge: means personal property deposited with a pawnbroker as security for a loan. See Indiana Code 28-7-5-2
Sec. 29. A pawnbroker shall be liable for the loss of a pledge resulting from the pawnbroker’s failure to exercise reasonable care in regard to it, but the pawnbroker shall not be liable for the loss of a pledge which could not have been avoided by the exercise of reasonable care. The burden of proof to establish due care shall be upon the pawnbroker.
Formerly: Acts 1935, c.195, s.28. As amended by P.L.14-1992, SEC.153.