51A-11-1. Definition of terms.
Terms used in this chapter, unless the context otherwise plainly requires, shall mean:
(1)"Lessee," a person contracting with the lessor for the use of a safe deposit box;
(2)"Lessor," a bank or branch bank which engages in the business of renting safe deposit facilities;
(3)"Safe deposit box," a box, vault, or other receptacle maintained by a lessor in its vault and the purpose of which is to secure the property of a lessee.
Source: SL 1969, ch 11, §9.1; SDCL, §51-23-1.
Structure South Dakota Codified Laws
Chapter 11 - Safe Deposit And Safekeeping
Section 51A-11-1 - Definition of terms.
Section 51A-11-2 - Regulation of safe deposit by commission.
Section 51A-11-3 - Fiduciary's access to safe deposit.
Section 51A-11-4 - Power of attorney.
Section 51A-11-5 - Minor's lease of safe deposit.
Section 51A-11-6 - Joint leaseholds in safe deposit.
Section 51A-11-7 - Death of lessee--Procedures for opening and delivery of contents of safe deposit.
Section 51A-11-7.1 - Death of joint lessee or other having right of access--Notification of lessor.
Section 51A-11-8 - Corporate lessee.
Section 51A-11-9 - Adverse claims to safe deposit.
Section 51A-11-10 - Unpaid rental--Procedures for opening safe deposit and disposition of contents.