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Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-1006. Adverse claims to repository; definitions

Current as of January 01, 2025 | Updated by Findlaw Staff

A. Notice to the lessor of an adverse claim is not effectual to require the lessor to deny access to any person previously named on its records as lessee or as officer or agent of any lessee, nor is it sufficient to require the lessor to allow access to the repository by any adverse claimant unless the lessor is directed to do so by the order of a court; provided in the absence of such court order the lessor may refuse to allow access to any person.

B. For the purposes of this section:

1. “Adverse claim” means a claim by a person who is not a named lessee to the right of access to a safe deposit repository or to all or part of the contents thereof. “Adverse claim” also includes the conflicting claims of agents or officers of the lessee and the claim of any of several named lessees to the exclusive right of access to the repository contrary to the terms of the lease.

2. “Adverse claimant” means any person asserting an adverse claim.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-1006. Adverse claims to repository; definitions - last updated January 01, 2025 | https://codes.findlaw.com/az/title-6-banks-and-financial-institutions/az-rev-st-sect-6-1006/

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