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2006 Minnesota Statutes
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Chapter 55
Section 55.07
Topics
This is an historical version of this statute chapter. Also view the most recent published version.
55.07 DEPOSITS, HOW KEPT; ACCOUNTS KEPT.
Subdivision 1. Vault approved by commissioner. No person shall carry on the business
of a safe deposit company as authorized by section 55.02 unless the safe deposit boxes let out
or rented by it and the valuable personal property taken and received by it for safekeeping and
storage are kept in a fireproof vault approved by the commissioner of commerce.
Subd. 2. Accounts. Every licensed safe deposit company shall keep books in which shall
be entered an account of all its transactions relative to the letting, renting, or leasing of its safe
deposit boxes, and to the receipt of valuable personal property for safekeeping or storage.
History: (7747-7) 1933 c 340 s 7; 1945 c 114 s 7; 1983 c 289 s 114 subd 1; 1984 c 655
art 1 s 92
Subdivision 1. Vault approved by commissioner. No person shall carry on the business
of a safe deposit company as authorized by section 55.02 unless the safe deposit boxes let out
or rented by it and the valuable personal property taken and received by it for safekeeping and
storage are kept in a fireproof vault approved by the commissioner of commerce.
Subd. 2. Accounts. Every licensed safe deposit company shall keep books in which shall
be entered an account of all its transactions relative to the letting, renting, or leasing of its safe
deposit boxes, and to the receipt of valuable personal property for safekeeping or storage.
History: (7747-7) 1933 c 340 s 7; 1945 c 114 s 7; 1983 c 289 s 114 subd 1; 1984 c 655
art 1 s 92
Official Publication of the State of Minnesota
Revisor of Statutes