1. (a) In this section, “fiduciary” includes the fiduciary's successor.

2. (b) Except as provided in subsection (c) of this section, if a safe-deposit company rents a safe-deposit box to a fiduciary, the safe-deposit company may not permit access to the safe-deposit box:

   1. (1) By any person other than the fiduciary; and
   2. (2) If the safe-deposit box is rented to two or more fiduciaries, by less than all of the fiduciaries in person.

3. (c) The safe-deposit company may permit access to the safe-deposit box by:

   1. (1) Any individual authorized by all of the fiduciaries, in accordance with a rental agreement, written power of attorney, or other written authority signed by each fiduciary and filed with the safe-deposit company; and
   2. (2) Less than all of the fiduciaries, in accordance with a rental agreement, written power of attorney, or other written authority signed by the remaining fiduciaries and filed with the safe-deposit company.

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.

Formerly Art. 23, § 315.