2025 Session Last amended: 2022 session

§ 55.10 — Liability; Exemptions

Plain-Language Summary

When a safe deposit box has multiple renters with joint access, the company is not liable for letting any authorized person access the box or remove contents, even after one renter dies. The company is also protected when granting access to authorized agents until it receives actual notice of the renter's death. After a sole renter dies, the company must open the box to search for a will or burial documents.

Practical Notes
If you share a safe deposit box with someone, either person can access it and remove items. After your death, the company will open the box for authorized people to look for your will or burial instructions. An inventory of the contents will be made and sent to the probate court.