Minnesota Statutes Banking (Ch. 46-59) § 55.01. Definitions

Subdivision 1. Scope. Unless the language or context clearly indicates that a different meaning is intended, the following words, terms, and phrases shall, for the purposes of the laws of this state, be given the meanings subjoined to them.

Subd. 2. Safe deposit box. The words “safe deposit box” mean any box, safe, safe deposit box, receptacle, or any part or parts thereof, and any space in a vault, which may be used for the safekeeping and storage of valuable personal property.

Subd. 3. Valuable personal property. The words “valuable personal property” mean jewelry, plate, money, specie, bullion, stocks, bonds, valuable papers, or other personal property of value.

Subd. 4. Person. “Person” means an individual, partnership, unincorporated association or a corporation. “It” includes “he,” “she,” and “they.”

Subd. 5. Safe deposit company. “Safe deposit company” means any person who lets out or rents, as lessor, for hire, safe deposit boxes, or space therein.