Section 606 – Property removed from safe-deposit box.

• (1) Property removed from a safe-deposit box and delivered to the administrator under this chapter is subject to:
  • (a) the holder’s right to reimbursement for the cost of opening the box; and
  • (b) a lien or contract providing reimbursement to the holder for unpaid rent charges for the box.

• (2) The administrator shall reimburse the holder from the proceeds remaining after deducting the expense incurred by the administrator in selling the property.

Enacted by Chapter 371, 2017 General Session