Oklahoma Administrative Code
Title 85 - State Banking Department
Chapter 10 - Supervision, Regulation, and Administration of Banks, Trust Companies, and the Oklahoma Banking Code
Subchapter 11 - Substantive Guidelines and Restrictions
Section 85:10-11-4 - Safe deposit boxes
Universal Citation: OK Admin Code 85:10-11-4
Current through Vol. 42, No. 1, September 16, 2024
(a) Lease. For purposes of Section 1302 of the Code, the term "receipt" shall mean a copy of the lease contract but does not mean that the lessor must provide a receipt for any or all items deposited in a safe deposit box.
(b) Requirements. Each lessor that provides safe deposit box services for its customers shall:
(1) Maintain a record as to the lessee(s) of
each box rented.
(2) Maintain a
record as to the person or persons permitted to enter the boxwith minimum data
consisting of names of entries into the box and dates of entry.
(3) Establish other precautionary procedures
as may be deemed advisable by the institution's board of directors to insure
adequate safety to the lessees with a minimum of liability on the
lessor.
Amended at 25 Ok Reg 1064, eff 5-25-08
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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