US Laws, Codes, Statutes & Cases

     55.11 Not charged with notice of fiduciary relation.  

    No such safe deposit company shall be obliged to ascertain 
 or take notice of any trust or fiduciary relationship which the 
 tenant of a safe deposit box may bear to the contents thereof, 
 but shall be presumed to deal with the tenant of a box in an 
 individual and not in a representative capacity, and shall be 
 protected if it grants access to a box to the lessee thereof, 
 according to the terms of the contract of rental.  

    HIST: (7747-11) 1933 c 340 s 11; 1945 c 114 s 12; 1986 c 444 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.