![]() ![]() (5) The package containing the contents of any safe deposit box opened as aforesaid shall be retained on special deposit by the credit union subject to payment of rent due for the safe deposit box, all expenses incurred in connection with opening the safe deposit box and charges for the safekeeping of the package. Signature of notary public not in the general employ of said credit union. (Allow space here for listing of contents.) ![]() We further certify that the following is a true and complete list of all the contents removed from said safe. _ leased in the name of _ in the vaults of the _ office of said credit union that the contents of said safe were removed, examined, listed and then enclosed in a package and sealed in our presence. We, _ an authorized official of _ and _ a notary public not in the general employ of said credit union, hereby certify that on the _ day _ (insert year), we were present and witnessed the forcible opening of Safe No. The affidavit shall be in substantially the following form:. The affidavit shall be prima facie evidence of the facts set forth therein in all proceedings at law and equity wherein evidence of such facts would be admissible. An affidavit setting forth the facts concerning the entry and listing the contents of the safe deposit box shall be signed by the officer and the notary public and shall be retained by the credit union. ![]() Any time thereafter, the credit union may, in the presence of an officer of the credit union and of a notary public not in the general employ of the credit union, cause the safe deposit box to be opened and the notary public shall: (i) remove the contents of the safe deposit box (ii) list the contents and (iii) seal the contents in a package, marking thereon the name of the lessee and the lessee’s address as shown on the books of the credit union. If the lessee fails to pay the rent for the safe deposit box in full to the date of the notice within 60 days from the date of the notice, all rights of the lessee in the safe deposit box and of access to it shall cease. (4) If the rent for a safe deposit box has not been paid for 1 year after being due, the credit union may mail, postage prepaid, to the lessee at the lessee’s address shown on the credit union’s books, a notice stating that if the rent for the safe deposit box is not paid within 60 days from the date of the notice, the credit union may cause the safe deposit box to be opened and the contents to be disposed of in accordance with this subsection. The commissioner shall establish the rules and regulations necessary to carry out this subsection. (3) A credit union that leases a safe deposit box for rent shall advise the lessee in writing that insurance coverage for the contents of the safe deposit box is not provided by the credit union but that the lessee may, at the lessee’s own expense, insure the contents of the safe deposit box with an insurance company of the lessee’s own selection. ![]() (2) A credit union may establish and maintain safe deposit vaults and rent safe deposit boxes or storage space therein under conditions prescribed by the commissioner. “Safe deposit box”, a box or safe in the vault of a credit union. “Rent”, the amount due to a credit union for the rental or use of a safe deposit box “Lessee”, the person in whose name a safe deposit box stands on the books of a credit union (1) For the purposes of this subsection, the following terms shall have the following meanings: ![]()
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