Any licensed safe deposit company may, in any lease or contract governing or regulating the use of any safe deposit box to or by any customer or customers, limit its liability as such lessor or bailee in the following respects:
(1) limit its total liability for any loss by negligence to such maximum amount as may be stipulated; and
(2) stipulate that it shall in no event be liable for loss of such valuable property as may be excepted against in such lease or contract.
(7747-12) 1933 c 340 s 12; 1945 c 114 s 13
Structure Minnesota Statutes
Chapter 55 — Safe Deposit Companies
Section 55.03 — License Required.
Section 55.041 — Annual License Fee.
Section 55.06 — Business Not To Be Conducted Without License.
Section 55.07 — Deposits, How Kept; Accounts Kept.
Section 55.08 — License Posted.
Section 55.095 — Duties Of Commissioner Of Commerce.
Section 55.10 — Liability; Exemptions.
Section 55.11 — Not Charged With Notice Of Fiduciary Relation.