Section 55.11 Not Charged with Notice of Fiduciary Relation
55.11 NOT CHARGED WITH NOTICE OF FIDUCIARY RELATION.
No such safe deposit company shall be obliged to ascertain or take notice of any trust or fiduciary relationship which the tenant of a safe deposit box may bear to the contents thereof, but shall be presumed to deal with the tenant of a box in an individual and not in a representative capacity, and shall be protected if it grants access to a box to the lessee thereof, according to the terms of the contract of rental.
History:
(7747-11) 1933 c 340 s 11; 1945 c 114 s 12; 1986 c 444