Minnesota § 55.12 LIABILITY MAY BE LIMITED

Minnesota Statutes

§ 55.12 — LIABILITY MAY BE LIMITED

Minnesota § 55.12

PartBANKING

Ch. 55SAFE DEPOSIT COMPANIES

This text of Minnesota § 55.12 (LIABILITY MAY BE LIMITED) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 55.12 (2026).

Text

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.

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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.