It is unlawful for any person to use the words "safe deposit", "safety deposit" or other words deceptively similar thereto, in connection with the rental of storage space, or in the title or name under which business was done, unless the person is:
1. A person subject to the jurisdiction of the Banking Department of this state;
2. A manufacturer or dealer in safe deposit facilities or equipment; or
3. An association, the membership of which is composed of officers or institutions subject to the jurisdiction of the Banking Department of this or other states.
Added by Laws 1965, c. 161, § 1403. Amended by Laws 1997, c. 111, § 107, eff. July 1, 1997.