S.D. Codified Laws § 51A-11-1

Current through the 2024 Legislative Session

Section 51A-11-1 - Definition of terms

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.

SDCL 51A-11-1

SL 1969, ch 11, § 9.1; SDCL, § 51-23-1.