Section 1638 Of Article 2. Remedies For Nonpayment Of Rent From California Financial Code >> Division 1.1. >> Chapter 17. >> Article 2.
1638
. From the proceeds of any sale the bank shall deduct the
amount set forth in such notice and any further charges which may
have accrued since the mailing of the notice and shall record the
balance of the proceeds, if any, on its books as a liability payable
to the person in whose name the safe-deposit box was rented.