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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

Official Publication of the State of Minnesota
Revisor of Statutes