Whenever any amount due for the use of any box of any company shall remain unpaid for a period of one year, the company may, at the expiration of such period, send to the lessee of the box a notice in writing by registered or certified mail, postage prepaid, at his last known post-office address, notifying the lessee that if the amount due for the rental of the box is not paid within 60 days from the date of sending the notice, the company will cause the box to be opened and the contents thereof to be inventoried, sealed, and placed in one of the general safes or boxes of the company.
Code 1950, § 6-263; 1966, c. 584, § 6.1-331; 1993, c. 62; 1997, c. 129; 2010, c. 794.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 23 - Safe Deposit Boxes
§ 6.2-2301. Access to joint safe deposit box
§ 6.2-2302. Limited access to safe deposit box upon death of lessee
§ 6.2-2303. Limited access to safe deposit box upon incapacity of lessee
§ 6.2-2304. Duty to deny access to safe deposit boxes under certain conditions
§ 6.2-2305. Notice to lessee upon nonpayment of rent
§ 6.2-2306. Opening box; marking contents
§ 6.2-2307. Disposition of contents
§ 6.2-2308. Certificate of notary public
§ 6.2-2309. Subsequent right of lessee to contents
§ 6.2-2310. Sale of contents after two years
§ 6.2-2311. Disposition of proceeds of sale
§ 6.2-2312. Rental for storage unpaid for three years