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§ 28-7-5-29 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 7 - Specialized Financial Institutions/
  6. Chapter 5 - Pawnbrokers28-7-5-1. Citation/
  7. § 28-7-5-29
Indiana Legal Code

§ 28-7-5-29

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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.