South Carolina § 34-19-60 Refusal of access because of adverse claim.

South Carolina Statutes

§ 34-19-60 — Refusal of access because of adverse claim.

South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 19 SAFE DEPOSIT BOXES

An adverse claim to the contents of a safe deposit box, or to property held in safekeeping, is not sufficient to require the lessor to deny access to its lessee unless:

(1)The lessor is directed to do so by a court order issued by a court of competent jurisdiction; or (2) The safe deposit box is leased or the property is held in the name of a lessee with the addition of words indicating that the contents or property are held in a fiduciary capacity, and the adverse claim is supported by a written statement of facts disclosing that it is made by or on behalf of a beneficiary and that there is reason to know that the fiduciary will misappropriate the trust property. A claim is also an adverse claim where one of several lessees claims, contrary to the terms of the lease, an exclusive right o

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An adverse claim to the contents of a safe deposit box, or to property held in safekeeping, is not sufficient to require the lessor to deny access to its lessee unless: (1) The lessor is directed to do so by a court order issued by a court of competent jurisdiction; or (2) The safe deposit box is leased or the property is held in the name of a lessee with the addition of words indicating that the contents or property are held in a fiduciary capacity, and the adverse claim is supported by a written statement of facts disclosing that it is made by or on behalf of a beneficiary and that there is reason to know that the fiduciary will misappropriate the trust property. A claim is also an adverse claim where one of several lessees claims, contrary to the terms of the lease, an exclusive right of access, or where one or more persons claim a right of access as agents or officers of a lessee to the exclusion of others as agents or officers, or where it is claimed that a lessee is the same person as one using another name.

South Carolina § 34-19-60 (Refusal of access because of adverse claim.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.