Texas Finance Code - Section 59.110. Routing Number On Key
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Texas Lawyer > Finance Code > Texas Finance Code - Section 59.110. Routing Number On Key
§ 59.110. ROUTING NUMBER ON KEY. (a) A depository
institution that rents or permits access to a safe deposit box shall
imprint the depository institution's routing number on each key to
the box or on a tag attached to the key.
(b) If a depository institution believes that the routing
number imprinted on a key, or on a tag attached to a key, used to
open a safe deposit box has been altered or defaced so that the
correct routing number is illegible, the depository institution
shall notify the Department of Public Safety of the State of Texas,
on a form designed by the banking commissioner, not later than the
10th day after the date the key is used to open the box.
(c) This section does not require a depository institution
to inspect the routing number imprinted on a key or an attached tag
to determine whether the number has been altered or defaced. A
depository institution that has imprinted a key to a safe deposit
box or a tag attached to the key as provided by this section and that
follows applicable law and the depository institution's
established security procedures in permitting access to the box is
not liable for any damage arising because of access to or removal of
the contents of the box.
(d) Subsection (a) does not apply to a key issued under a
lease in effect on September 1, 1992, until the date the term of
that lease expires, without regard to any extension of the lease
term.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 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 59.304 59.305
Last modified: August 10, 2007
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