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AZ HB2826

Bill

Official Source

Status

Introduced

6/23/2022

Primary Sponsor

Russell Bowers

Click for details

Origin

House of Representatives

Fifty-fifth Legislature - Second Regular Session (2022)

AI Summary

  • Amends Arizona Revised Statutes Section 6-1004 regarding tenancy in safe deposit repositories.
  • Permits safe deposit contracts with two or more persons, including minors, as lessees.
  • Allows any lessee or survivor(s) to access and remove contents from the safe deposit box regardless of whether other lessees are living, incompetent, or deceased.
  • Protects the lessor (bank/depository) from liability for removal of contents by authorized lessees.
  • Changes outdated language from "be" to "are" for grammatical consistency.

Legislative Description

Technical correction; safe deposit; tenancy

Technical Correction

Last Action

Introduced in House and read first time

6/23/2022

Full Bill Text

No bill text available