60-01-17. Notice of wrongful detention.

A depository who believes that a thing deposited with the depository is detained wrongfully from its true owner may give the true owner notice of the deposit. If within a reasonable time afterward the true owner does not claim it and sufficiently establish the true owner's right thereto and indemnify the depository against the claim of the depository, the depository is exonerated from liability to the person to whom the depository gave the notice, upon returning the thing to the depository, or assuming in good faith a new obligation changing the depository's position in respect to the thing to the depository's prejudice.