Bill Text | History of Actions | Background | Title |
Description: Safe deposit boxes; prescribe procedures for leasing and access to.
Bill Text: [Introduced]
| 1 | 01/16 (S) Referred To Business and Financial Institutions | |
| 2 | 01/31 (S) Died In Committee |
| Effective date | July 1, 2006 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
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.
End Of Document
2006/html/History/SB/SB2743.htm