Tex. Finance Code § 59.108
EMERGENCY OPENING AND RELOCATION
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 59.108, EMERGENCY OPENING AND RELOCATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645275
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Full text
(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.