Section 84: Safe deposit box
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
84. Safe deposit box
(1) Any safe deposit box the contents of which have not been withdrawn
before the date specified shall be opened in the manner specified by the
receiver.
(2) The contents specified in subsection (1) and any unclaimed property
held by the financial institution as bailee, together with inventories pertaining
thereto, shall be deposited in the central bank or in such depository as the
central bank may direct and shall be kept for 10 years, unless claimed by the
owner before the expiration of that period.
(3) On the expiration of the time specified in subsection (2), any funds or
property not claimed shall be presumed to be abandoned funds or property
and shall be dealt with as determined by the Board.
(S. 84 came into operation on 1 June 2007.)
Ask juris about this section Official source
Questions this section answers
- What happens to the contents of my unclaimed safe deposit box after my bank fails?