Section 1328 Of Article 1. General Provisions From California Financial Code >> Division 1.1. >> Chapter 10. >> Article 1.
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. (a) A bank or trust company may engage in the business of
renting safe deposit boxes and may receive personal property for
safekeeping and storage on its banking premises.
(b) A copy of any safe deposit rental agreement, or personal
property safekeeping and storage agreement, which is prepared by the
bank or trust company and signed by the customer shall be delivered
to the customer at the time the agreement is signed if the agreement
is signed at a place of business of the bank or trust company. If the
agreement is not signed at a place of business of the bank or trust
company, the bank or trust company shall mail or deliver a copy of
the agreement to the customer within 10 calendar days after the bank
or trust company receives it. The contract shall not contain any
blank spaces to be filled in after the customer signs the contract.
If more than one customer has signed the agreement, the bank or trust
company may comply with this section by mailing or delivering the
copy to any one of the customers who reside at the same address. A
copy shall also be mailed or delivered to any other customer who has
signed the agreement and who does not reside at the same address. As
used in this section, "copy" means a reproduction, facsimile, or
duplicate. A bank or trust company which fails to comply with this
section is liable to its customer for any actual damages suffered by
the customer as a result of that failure. The remedy provided by this
section is nonexclusive and is in addition to any remedies or
penalties available under other laws of this state.