South Dakota Codified Laws 51A-11-1. Definition of terms
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Terms used in this chapter, unless the context otherwise plainly requires, shall mean:
(1) “Lessee,” a person contracting with the lessor for the use of a safe deposit box;
Terms Used In South Dakota Codified Laws 51A-11-1
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
(2) “Lessor,” a bank or branch bank which engages in the business of renting safe deposit facilities;
(3) “Safe deposit box,” a box, vault, or other receptacle maintained by a lessor in its vault and the purpose of which is to secure the property of a lessee.
Source: SL 1969, ch 11, § 9.1; SDCL, § 51-23-1.