State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-11 > Statute-51a-11-1

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.

State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-11 > Statute-51a-11-1

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.