Definitions

As used in this Subarticle:

(a)“Lessee” means a person contracting with a lessor for the use of a safe deposit box.

(b)“Lessor” means a bank, trust company, or subsidiary renting safe deposit facilities, and includes a safe deposit company organized and operating under the jurisdiction of the Division solely for the purpose of leasing safe deposit facilities.

(c)“Safe Deposit Box” means a safe deposit box, vault, or other safe deposit receptacle maintained by a lessor and the rules relating thereto apply to property or documents kept in safekeeping in the bank’s vault.