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Safe deposit lease agreements

Question: 
Can a financial institution totally rely on their safe deposit lease agreement to protect them during a safe deposit box lawsuit?
Answer: 

Not necessarily, for two reasons. Sometimes the financial institution’s actions are inconsistent with the terms of the lease. Plus, there are courts that have ruled against financial institutions when they rely solely on their lease agreement to defend them against a safe deposit lawsuit.
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Learn more about Dave McGuinn’s webinar Safe deposit lawsuits: 25 lessons learned

First published on 02/05/2017

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