O.C.G.A.

O.C.G.A. § 7-1-355 (2019)

Agreements concerning safe deposits

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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A bank, trust company, or savings and loan association may receive property for safe deposit and rent out receptacles and safe-deposit boxes on the terms and conditions prescribed by it; but such terms and conditions shall not bind any customer to whom the bank, trust company, or savings and loan association does not give notice thereof either by delivery of a copy or by posting in its offices where such receptacles or safe-deposit boxes are located, or who does not otherwise agree to such terms and conditions.

History

Code 1933, § 41A-1608, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1978, p. 1717,

§ 4; Ga. L. 2016, p. 390, § 7-4/HB 811; Ga. L. 2017, p. 774, § 7/HB 323.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. 11 Am. Jur. 2d, Banks and Financial Institutions, §§ 1002, 1007, 1008. C.J.S. 93 C.J.S. (Rev), Warehousemen and Safe Depositaries, §§ 128, 130. ALR. Insurance of bank or trust company

against loss by burglary or robbery as covering contents of safety deposit boxes rented to customers, 30 A.L.R. 623. Liability for loss of contents of safedeposit box, 42 A.L.R. 1304; 133 A.L.R. 279. Presumption as to ownership of property in safe deposit box, 101 A.L.R. 832.