§ 6518 Safe Deposit Box Rentals

Financial Code·California

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Key Takeaways

•Banks can rent out safe boxes to people to store their stuff.
•If you rent a safe box, the bank can set the rules for how you use it.
•If you stop paying or don’t claim your stuff, the bank can get rid of it after following certain steps.

Example

You rent a safe box at a bank to store your grandma’s jewelry.

The bank lets you keep the jewelry safe, but if you stop paying the rent for the box, they can eventually open it and sell or throw away the jewelry if you don’t come back for it.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 6518 Safe Deposit Box Rentals

(a) An association may maintain and rent safes, boxes, or other receptacles or premises for the safekeeping of personal property upon terms and conditions that may be agreed upon. (b) An association that rents or otherwise makes safe-deposit boxes available to the public is entitled to all of the remedies set forth in Article 2 (commencing with Section 1660) of Chapter 13 of Division 1, and may dispose of the unclaimed contents of safe-deposit boxes in the manner set forth in that article. (Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.)

Last verified: January 23, 2026

Key Terms

claim property association

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 6518.

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Key Takeaways

Example

Key Terms

Related Statutes

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