Texas Finance Code - Section 59.106. Access By More Than One Person
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Texas Lawyer > Finance Code > Texas Finance Code - Section 59.106. Access By More Than One Person
§ 59.106. ACCESS BY MORE THAN ONE PERSON. (a) If a safe
deposit box is leased in the name of two or more persons jointly or
if a person other than the lessee is designated in the lease
agreement as having a right of access to the box, each of those
persons is entitled to have access to the box and to remove its
contents in the absence of a contract to the contrary. This right
of access and removal is not affected by the death or incapacity of
another person who is a lessee or otherwise entitled to have access
to the box.
(b) A safe deposit company is not responsible for damage
arising from access to a safe deposit box or removal of any of its
contents by a person with a right of access to the box.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 59.010 59.011 59.101 59.102 59.103 59.104 59.105 59.106 59.107 59.108 59.109 59.110 59.201 59.202 59.301
Last modified: August 10, 2007
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