South Dakota § 51A-11-1 Definition of terms.

South Dakota Statutes

§ 51A-11-1 — Definition of terms.

South Dakota § 51A-11-1

Title 51ABANKS AND BANKING

Ch. 51A-11SAFE DEPOSIT AND SAFEKEEPING

This text of South Dakota § 51A-11-1 (Definition of terms.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 51A-11-1 (2026).

Text

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.

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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.