CHAPTER 1. Deposit in General

Chapter 1 enacted 1872.

§§ 1813–1828 · 13 sections

1. ARTICLE 1. Nature and Creation of Deposit §§ 1813–1818 · 6 sections

   • § 1813 A deposit may be voluntary or involuntary; and for safe keeping or for exchange.
   • § 1814 A voluntary deposit is made by one giving to another, with his consent, the possession of personal property to keep for the benefit of the former, or of a…
   • § 1815 An involuntary deposit is made: (a) By the accidental leaving or placing of personal property in the possession of any person, without negligence on the part…
   • § 1816 (a) The person or private entity with whom a thing is deposited in the manner described in Section 1815 is bound to take charge of it, if able to do so. (b)…
   • § 1817 A deposit for keeping is one in which the depositary is bound to return the identical thing deposited.
   • § 1818 A deposit for exchange is one in which the depositary is only bound to return a thing corresponding in kind to that which is deposited.
2. ARTICLE 2. Obligations of the Depositary §§ 1822–1828 · 7 sections

   • § 1822 A depositary must deliver the thing to the person for whose benefit it was deposited, on demand, whether the deposit was made for a specified time or not,…
   • § 1823 A depositary is not bound to deliver a thing deposited without demand, even where the deposit is made for a specified time.
   • § 1824 A depositary must deliver the thing deposited at his residence or place of business, as may be most convenient for him.
   • § 1825 A depositary must give prompt notice to the person for whose benefit the deposit was made, of any proceedings taken adversely to his interest in the thing…
   • § 1826 A depositary, who believes that a thing deposited with him is wrongfully detained from its true owner, may give him notice of the deposit; and if within a…
   • § 1827 If a thing deposited is owned jointly or in common by persons who cannot agree upon the manner of its delivery, the depositary may deliver to each his proper…
   • § 1828 When a deposit is made in the name of two or more persons, deliverable or payable to either or to their survivor or survivors, such deposit or any part…