Find Bill
Find Your Legislator
Legislative Deadlines
July 20, 2019
RSS Feed Permanent URL -A +A

2012 Statute



Prev Article 15. - BANKING CODE; SAFE DEPOSIT BOX RENTALNext


9-1504.Death of lessee or lessees in joint tenancy; opening of box; disposition of contents. In the event the sole lessee or all lessees in joint tenancy named in the lease agreement covering a safe deposit box rental shall die, the safe deposit box may be opened, forcibly if necessary, at any time thereafter, in the presence of persons claiming to be interested in the contents thereof, by two employees of the lessor, one of whom shall be an officer of the lessor. Such employees may remove all instruments of a testamentary nature and deposit the same with the district court, taking its receipt therefor. The  employees in their discretion may deliver life insurance policies therein contained to the beneficiaries named in such policies, and any deed to a cemetery lot and any burial instructions found therein to the appropriate parties.

Any and all other contents of such box so opened shall be kept and retained by the bank, trust company or safe deposit company and shall be delivered only to the parties legally entitled to the same.  In the event no person claims to be interested in the contents of such box within 60 days after the death of the lessee, the lessor may open the box by forcible entry and remove all instruments of a testamentary nature and deposit the same with the district court, subject to payment of rentals, expenses and repairs.

History: L. 1947, ch. 102, § 73; L. 1975, ch. 44, § 25; L. 1976, ch. 145, § 35; L. 1994, ch. 192, § 1; L. 1997, ch. 7, § 1; July 1.



Prev Article 15. - BANKING CODE; SAFE DEPOSIT BOX RENTALNext
2019. Powered by KLISS. Rendered: 2019-07-20T05:25:01. Head Rev No: 345400