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

South Dakota Statutes

§ 51A-11-1 — Definition of terms.

South Dakota·Title 51A BANKS AND BANKING·Ch. 51A-11 SAFE DEPOSIT AND SAFEKEEPING

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

South Dakota § 51A-11-1 (Definition of terms.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.