Texas Finance Code - Section 59.108. Emergency Opening And Relocation
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Texas Lawyer > Finance Code > Texas Finance Code - Section 59.108. Emergency Opening And Relocation
§ 59.108. EMERGENCY OPENING AND RELOCATION. (a) A safe
deposit company may relocate a safe deposit box or open the box to
relocate its contents to another box or location without complying
with Sections 59.107(a)-(d) if the security of the original box is
threatened or destroyed by natural disaster, including tornado,
flood, fire, or other unforeseeable circumstances beyond the
control of the safe deposit company.
(b) The safe deposit company shall follow the procedure
provided by Section 59.107(e), except that the notice of the new box
number or location must be given not later than the 90th day after
the date of a relocation under this section.
(c) This section does not apply to a relocation of a safe
deposit box within the same building.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 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 59.302 59.303
Last modified: August 10, 2007
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