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Definition
Article 451
- (1)
- Under a contract for a bank safe deposit box a bank accepts for a certain period of time to keep for consideration bank notes, securities, other items and documents. Access to the contents of the safe deposit box shall belong only to the user.
- (2)
- The contract for safe deposit box may be with declared or not declared contents of the deposit before the bank.
- (3)
- The bank shall not have the right to possess a copy of the key to the safe deposit box delivered to the user.
Prohibited Items
Article 452
- (1)
- No items may be placed in the safe deposit box which could endanger the safety of the box and the bank, as well as items the acceptance of which is prohibited by law.
- (2)
- The bank shall control in an appropriate manner the compliance with the requirement under paragraph 1, without disclosure of the contents of the deposit, in the case it has not been declared.
- (3)
- In the case of non-compliance with the obligation under paragraph 1, the bank may cancel the contract forthwith.
Rights of the Bank on Default of Payment
Article 453
- (1)
- Where a contract is cancelled due to default on payment of the agreed remuneration, the bank may demand the opening and ascertainment of the contents of the safe deposit box, with participation of a notary public. The items found in the safe deposit box shall remain for keeping with the bank, to which indemnity shall be due for expenses as well as a fee.
- (2)
- For its dues under the contract the bank shall be entitled to lien on the deposit in the safe deposit box.
Liability in the Case of Force Majeure
Article 454
The bank shall be liable to the user should the deposit be destroyed due to force majeure.
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