Mississippi Legislature
2006 Regular Session

Senate Bill 2743

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Bill Text

History of Actions

Background

Title

Description: Safe deposit boxes; prescribe procedures for leasing and access to.

Bill Text: [Introduced]

History of Actions:

1 01/16 (S) Referred To Business and Financial Institutions
2 01/31 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2006
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

Senate Committee:

Principal Author: Mettetal

Title: AN ACT TO AUTHORIZE BANKS TO CONSTRUCT SAFE DEPOSIT FACILITIES AND LEASE SAFE DEPOSIT BOXES; TO PROVIDE THAT THE BANK IS NOT LIABLE FOR THE LOSS OF PROPERTY IN SAFE DEPOSIT BOXES; TO PROVIDE FOR ACCESS TO SAFE DEPOSIT BOXES BY FIDUCIARIES; TO REQUIRE NOTIFICATION TO THE BANK OF THE DEATH OF ANY PERSON WHO HAS ACCESS TO A SAFE DEPOSIT BOX; TO SPECIFY WHO WILL HAVE ACCESS TO A SAFE DEPOSIT BOX UPON THE DEATH OF THE LAST SURVIVING LESSEE OF THE BOX; TO PROVIDE CERTAIN PROCEDURES THAT THE BANK MUST FOLLOW IF THE RENTAL DUE ON A SAFE DEPOSIT BOX HAS NOT BEEN PAID; TO AUTHORIZE THE SALE OF THE PROPERTY IN A SAFE DEPOSIT BOX AND PROVIDE FOR THE DISPOSITION OF THE PROCEEDS OF THE SALE; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/31/06 at 17:57.

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