SDCL § 51A-11-1: Definition of terms.
Where this section sits in the code
- TITLE 51A. BANKS AND BANKING
- CHAPTER 51A-11. SAFE DEPOSIT AND SAFEKEEPING
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.
Collected 2026-09-03T15:18:57Z. Source file · JSON