Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
55.02 POWERS.
Any safe deposit company which complies with the provisions of this chapter shall have
power:
(1) to let out or rent as lessor, for hire, safe deposit boxes, upon such terms and for such
compensation as may be agreed upon by such safe deposit company and the lessee; and
(2) to take and receive valuable personal property for safekeeping and storage, as bailee, for
hire, upon such terms and for such compensation as may be agreed upon by such safe deposit
company and the bailor. No such safe deposit company shall make any loans or advances upon
any valuable personal property so left with it for safekeeping and storage.
History: (7747-2) 1933 c 340 s 2; 1945 c 114 s 2
Any safe deposit company which complies with the provisions of this chapter shall have
power:
(1) to let out or rent as lessor, for hire, safe deposit boxes, upon such terms and for such
compensation as may be agreed upon by such safe deposit company and the lessee; and
(2) to take and receive valuable personal property for safekeeping and storage, as bailee, for
hire, upon such terms and for such compensation as may be agreed upon by such safe deposit
company and the bailor. No such safe deposit company shall make any loans or advances upon
any valuable personal property so left with it for safekeeping and storage.
History: (7747-2) 1933 c 340 s 2; 1945 c 114 s 2
Official Publication of the State of Minnesota
Revisor of Statutes