Bill Text | History of Actions | Background | Title |
Description: Safe deposit boxes; prescribe terms and conditions of access to upon death of lessee of box.
Bill Text: [Introduced]
| 1 | 01/21 (H) Referred To Banks and Banking | |
| 2 | 02/05 (H) Died In Committee |
| Effective date | July 1, 2002 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Robertson
Title: AN ACT TO PROVIDE THAT PERSONS ENTITLED TO ACCESS TO A SAFE DEPOSIT BOX SHALL NOTIFY THE LESSOR OF THE BOX UPON THE DEATH OF ANY OTHER PERSON HAVING THE RIGHT OF ACCESS, BEFORE SEEKING ACCESS TO THE BOX; TO PROVIDE THAT THE LESSOR OF THE SAFE DEPOSIT BOX MAY RELY CONCLUSIVELY UPON THE ABSENCE OF ANY SUCH NOTIFICATION IN ALLOWING A PERSON WITH THE RIGHT OF ACCESS TO ENTER THE BOX; TO PROVIDE THAT THE DEATH OF A PERSON AUTHORIZED ACCESS TO A SAFE DEPOSIT BOX WILL NOT TERMINATE THE ACCESS OF OTHERS SO AUTHORIZED IN ALL CASES WHERE THERE IS A SURVIVING LESSEE; TO PROVIDE THAT AFTER THE DEATH OF THE SOLE OR LAST SURVIVING LESSEE OF A SAFE DEPOSIT BOX, THE EXECUTOR OR ADMINISTRATOR OF THE ESTATE OF THE DECEASED MAY HAVE ACCESS TO AND REMOVE CONTENTS FROM THE BOX WITHOUT AN INVENTORY OF THE CONTENTS; TO PROVIDE THAT AFTER THE DEATH OF THE SOLE OR LAST SURVIVING LESSEE OF A SAFE DEPOSIT BOX, IF AN EXECUTOR OR ADMINISTRATOR HAS NOT BEEN APPOINTED, THE LESSEE'S SPOUSE, PARENT, SIBLING OR NEXT OF KIN MAY OPEN THE BOX IN THE PRESENCE OF AN OFFICER OR EMPLOYEE OF THE LESSOR TO CONDUCT A DOCUMENT SEARCH FOR A WILL, BURIAL INSTRUCTIONS OR AN INSURANCE POLICY; TO PROVIDE THAT IF AN EXECUTOR OR ADMINISTRATOR OF THE LESSEE'S ESTATE DOES NOT REQUEST ACCESS TO THE CONTENTS OF THE SAFE DEPOSIT BOX WITHIN 60 DAYS AFTER THE LESSEE'S DEATH, THE LESSOR MAY PERMIT ACCESS BY THE LESSEE'S SPOUSE OR NEXT OF KIN FOR THE PURPOSES OF INVENTORY AND THE REMOVAL OF CONTENTS; TO PROVIDE THAT A LESSOR OF A SAFE DEPOSIT BOX SHALL NOT BE LIABLE TO ANY PERSON FOR THE REMOVAL OR LOSS OF ANY CONTENTS FROM A BOX DURING A PERIOD OF ACCESS BY AN EXECUTOR OR ADMINISTRATOR OF A DECEASED LESSEE OR BY ANY OTHER PERSONS AUTHORIZED ACCESS TO THE BOX; TO REQUIRE LESSORS OF SAFE DEPOSIT BOXES TO GIVE WRITTEN NOTICE OF CERTAIN PROVISIONS OF THIS ACT TO LESSEES BY AUGUST 1, 2002; AND FOR RELATED PURPOSES.
End Of Document
2002/html/History/HB/HB1259.htm