Sec. 59.103. RELATIONSHIP OF SAFE DEPOSIT COMPANY AND RENTER. In a safe deposit transaction the relationship of the safe deposit company and the renter is that of lessor and lessee and landlord and tenant, and the rights and liabilities of the safe deposit company are governed accordingly in the absence of a contract or statute to the contrary. The lessee is considered for all purposes to be in possession of the box and its contents.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 59 - Miscellaneous Provisions
Subchapter B. Safe Deposit Boxes
Section 59.102. Authority to Act as Safe Deposit Company
Section 59.103. Relationship of Safe Deposit Company and Renter
Section 59.104. Delivery of Notice
Section 59.105. Effect of Subchapter on Other Law
Section 59.106. Access by More Than One Person
Section 59.107. Nonemergency Opening and Relocation
Section 59.108. Emergency Opening and Relocation
Section 59.109. Termination of Rental; Lien; Sale of Contents