Definitions.

Checkout our iOS App for a better way to browser and research.

As used in this article:

1. "Depositor" means a person delivering property or documents to a state bank, national banking association, savings and loan association, credit union or trust company for safekeeping;

2. "Deputy" means a person designated by the lessee to act as lessee's agent in connection with the safe deposit box;

3. "Lessee" means a person contracting with a lessor for the use of a safe deposit box;

4. "Lessor" means any state bank, national banking association, savings and loan association, credit union or trust company engaged in the business of renting safe deposit facilities; and

5. "Safe deposit box" means a safe deposit box, vault, or other safe deposit receptacle maintained by a lessor.

Added by Laws 1965, c. 161, § 1301. Amended by Laws 1968, c. 93, § 16, emerg. eff. April 1, 1968; Laws 1988, c. 65, § 35, emerg. eff. March 25, 1988; Laws 1997, c. 111, § 98, eff. July 1, 1997.


Download our app to see the most-to-date content.