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Document Citation:
Tex. Finance Code § 59.108
Header:
Texas Annotated Statutes
FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE A. BANKS
CHAPTER 59. MISCELLANEOUS PROVISIONS
SUBCHAPTER B. SAFE DEPOSIT BOXES
Date:
08/31/2009
Document:
Tex. Finance Code § 59.108 (2010)
§ 59.108. Emergency Opening and Relocation
(a) A safe deposit company may relocate a safe deposit box or open the box to relocate its contents to another box or location without complying with Sections 59.107(a)--(d) if the security of the original box is threatened or destroyed by natural disaster, including tornado, flood, fire, or other unforeseeable circumstances beyond the control of the safe deposit company.
(b) The safe deposit company shall follow the procedure provided by Section 59.107(e), except that the notice of the new box number or location must be given not later than the 90th day after the date of a relocation under this section.
(c) This section does not apply to a relocation of a safe deposit box within the same building.
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