Message:

<p>[QUOTE=&quot;medoraman, post: 1242493, member: 26302&quot;]If a bank closes, there is no affect on ownership of SDB. No creditor can take a lean on its contents, as the bank never had any legal interest in them. Even if the owner does not pay rent, by escheat laws in the state the bank never takes ownership, the state does and tries to find the owner.</p><p><br /></p><p>The only problem a bank closure should have to a SDB holder would be access to their material. I am sure the FDIC would arrange for such access.</p><p><br /></p><p>Edit: Btw, be careful if you bury it in a hole somewhere. This is the source of most ancient coins, the owner buried them for safe keeping and never reclaimed them. Make sure someone you trust knows exactly where they are unless you are intending them to be dug up 2000 years from now. Still, with the right protection not a bad idea. I have heard others say dif a deep hole, and then shallowly bury a bunch of garbage metal to throw metal detectorists off the track. The hope is they start digging up rusted iron and stop pursuing the signal. I would think a large pile of old nails would work well, since the continued signal could be explained by a large container of nails throughout the soil.</p><p><br /></p><p>Another thought is if a guy cut a hole through his basement floor, buried them there, and recemented the hole, preferably all of this under carpet, it would be pretty hard for someone to locate and bust up the concrete to get to them.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in