Title 6 — Banks and Financial Institutions
17 chapters · 553 sections in this title.
A.R.S. § 6-1001 Definitions
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In this article, unless the context otherwise requires: 1. "Lessee" means a person contracting with a lessor for the use of a safe deposit repository. 2. "Lessor" means a corporation or association authorized under the laws of this state, any other state or the United States to d…
A.R.S. § 6-1002 Legal relationship in use of safe deposit facilities
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A. The relationship between the lessor and the lessee shall be that of landlord and tenant in the absence of a written contract to the contrary, notwithstanding that the lessor prescribes the hours of entry into its repositories, retains and requires the use of a preparation or g…
A.R.S. § 6-1003 Change of location of repositories
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A lessor may, during the term of any lease, move its repositories and the contents to another location on giving notice to the lessees in the manner and time required by such regulations as the deputy director may adopt.
A.R.S. § 6-1004 Tenancy in two or more names
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A tenancy in a safe deposit repository may be created by contract with two or more persons, including minors, named as lessees. The terms of the contract may provide that any one or more of the lessees, or the survivor or survivors of the lessees shall have access and entry to th…
A.R.S. § 6-1005 Lease to a minor
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A lease of a repository shall not be invalid or voidable by reason of the minority of the lessee or lessees and all rights and liabilities of the lessor and any lessee arising out of such transaction and any act of the parties in relation thereto shall be of the same legal effect…
A.R.S. § 6-1006 Adverse claims to repository; definitions
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A. Notice to the lessor of an adverse claim is not effectual to require the lessor to deny access to any person previously named on its records as lessee or as officer or agent of any lessee, nor is it sufficient to require the lessor to allow access to the repository by any adve…
A.R.S. § 6-1007 Lessee's death or incompetency; revocation of power of attorney
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Neither the death nor incompetency of a lessee revokes the authority of a lessor to deal with an agent who has been authorized in writing by such lessee until the lessor has actual knowledge of the fact of death or of an adjudication of incompetency of the lessee, nor is the revo…
A.R.S. § 6-1008 Procedure on death of lessee
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In the event only one lessee is named in the lease of a repository and the lessee dies, or on the death of last surviving lessee under a tenancy in two or more names, the repository may be opened by two employees of the lessor in the presence of any person who presents himself an…
A.R.S. § 6-1009 Lessor's lien; default of lessee; or failure to surrender
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A. The lessor shall have a landlord's lien upon the contents of a repository for the rent. B. If the lessee does not pay the rent within six months after it is due, or fails to surrender possession of the repository within six months from the date of termination of the lease, the…