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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 11 - Safe Deposit And Safekeeping
§ 51A-11-1 Definition of terms.
Universal Citation: SD Codified L § 51A-11-1 (2017)
51A-11-1. Definition of terms. Terms used in this chapter, unless the context otherwise plainly requires, shall mean:
(1) "Lessee," a person contracting with the lessor for the use of a safe deposit box;
(2) "Lessor," a bank or branch bank which engages in the business of renting safe deposit facilities;
(3) "Safe deposit box," a box, vault, or other receptacle maintained by a lessor in its vault and the purpose of which is to secure the property of a lessee.
Source: SL 1969, ch 11, § 9.1; SDCL, § 51-23-1.
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