Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-331 Notice to lessee of safe or box that same will be opened for nonpayment of rent

§ 6.1-331. Notice to lessee of safe or box that same will be opened for nonpayment of rent

Whenever any amount due for the use of any safe or box, in the vaults of any safe-deposit company, bank, trust company, or other corporation conducting a safe-deposit business, shall have remained unpaid for a period of one year, such company, bank, trust company, or other corporation may, at the expiration of such period, send to the person, partnership or corporation in whose name such safe or box stands on its books a notice in writing in a securely closed, postpaid, registered or certified letter, directed to such renter or lessee at his last known post-office address, notifying such renter or lessee that if the amount due for the rental of such safe or box shall not be paid within sixty days from the date of sending such notice, the company, bank, trust company, or other corporation will then cause such safe or box to be opened, and the contents thereof to be inventoried, sealed, and placed in one of the general safes or boxes of the company, bank, trust company, or other corporation.

(Code 1950, § 6-263; 1966, c. 584; 1993, c. 62; 1997, c. 129.)

Sections:  6.1-331  6.1-332  6.1-332.1  6.1-333  6.1-334  6.1-335  6.1-336  6.1-337  6.1-338  6.1-339  6.1-340  6.1-341  6.1-342  Next

Last modified: April 2, 2009