By a loan for exchange, the title to the thing lent is transferred to the borrower, and the borrower must bear all the expenses in connection therewith and is entitled to all the increase thereof.
N.D. Cent. Code § 47-13-03
Title transferred to borrower
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.