9-1504

Chapter 9.--BANKS AND BANKING; TRUST COMPANIES
Article 15.--BANKING CODE; SAFE DEPOSIT BOX RENTAL

      9-1504.   Death of lessee or lessees in joint tenancy; opening of box;disposition of contents.In the event the sole lessee or all lessees in joint tenancy named inthe lease agreement covering a safe deposit box rental shall die, the safedeposit box may be opened, forcibly if necessary, at any time thereafter,in the presence ofpersons claiming to be interested in the contents thereof, by two employeesof the lessor, one of whom shall be an officer of the lessor.Such employees may remove all instruments of a testamentary nature and depositthe same with the district court, taking its receipt therefor.The employees in their discretion may deliver life insurance policies thereincontained to the beneficiaries named in such policies, and any deed to acemetery lot and any burial instructions found therein to the appropriateparties.

      Any and all other contents of such box so opened shall be kept andretained by the bank, trust company or safe deposit company and shall bedelivered only to the parties legally entitled to the same. In the event no person claims to be interested in the contents of such boxwithin 60 days after the death of the lessee, the lessor may open the box byforcible entry and remove all instruments of a testamentary nature and depositthe same with the district court, subject to payment of rentals, expenses andrepairs.

      History:   L. 1947, ch. 102, § 73; L. 1975, ch. 44, § 25; L. 1976,ch. 145, § 35;L. 1994, ch. 192, § 1;L. 1997, ch. 7, § 1; July 1.