§ 332. Definitions. As used in this article, the following terms have the following meanings: 1. Lessor. The term, “lessor” means a banking organization, foreign banking corporation or a national banking association authorized to engage in the safe deposit business. 2. Safe deposit box. The term, “safe deposit box” means a vault, safe deposit box […]
§ 333. Access to safe deposit boxes by certain fiduciaries. Where a safe deposit box is let by a lessor to one or more persons acting as executors, administrators, trustees, guardians, a committee, or as conservators, the lessor may, except as otherwise expressly provided by the terms of the lease or by the will or […]
§ 334. Leases to minors. A lessor may let a safe deposit box to a minor with the same effect as if such lessee were of full age and with the same effect may allow access to such safe deposit box and to the contents thereof to such lessee or to any deputy or agent […]
§ 335. Special remedies where rental of safe deposit box is not paid or when safe deposit box is not vacated on termination of lease. Every lessor shall be entitled to the following special remedies: 1. (a) If the amount due for the rental of any safe deposit box let by any lessor shall not […]
§ 336. Special remedies where property is deposited. 1. Every banking organization, foreign banking corporation or national banking association authorized to receive personal property upon deposit for safe-keeping or as bailee for storage, and which shall have received any such property and shall have issued a receipt therefor, shall have the remedies of a warehouseman […]
§ 337. Sale of safe deposit business. Subject to the provisions of subdivision eight of section six hundred five of article thirteen of this chapter, any banking organization or foreign banking corporation may, with the approval of the superintendent, sell to another banking organization, foreign banking corporation or national banking association authorized to conduct the […]
§ 338. Notice to renters of safe deposit boxes regarding insurance. 1. Any banking organization or safe deposit company which offers safe deposit boxes for rent shall provide each customer at the time of rental with a copy of a safe deposit box rental agreement. Such agreement shall include, on its face, or on an […]
