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<p>[QUOTE="doug444, post: 2614566, member: 38849"]There is a troubling paragraph in the Code of Federal Regulations, and until someone with authority tells me what it means, I'm not inclined to keep valuables in a safety deposit box; papers and memorabilia, yes -- valuables and/or collections, no. </p><p><br /></p><p>And for people who like to argue, don't argue with me, argue with your Congressman. That's what he gets paid for.</p><p><br /></p><p><font size="6"><b>31 CFR 515.326 - Custody of safe deposit boxes.</b></font></p><p><br /></p><p>§ 515.326 <span style="color: #000000"><a href="https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=3ca8ba4cce00b0baf4fa83dbcf1112f2&term_occur=1&term_src=Title:31:Subtitle:B:Chapter:V:Part:515:Subpart:C:515.326" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=3ca8ba4cce00b0baf4fa83dbcf1112f2&term_occur=1&term_src=Title:31:Subtitle:B:Chapter:V:Part:515:Subpart:C:515.326" rel="nofollow">Custody</a></span> of safe deposit boxes.</p><p>"Safe deposit boxes shall be deemed to be in the custody not only of all <a href="https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=37b8bc3782986052e19c5e811c90dd17&term_occur=1&term_src=Title:31:Subtitle:B:Chapter:V:Part:515:Subpart:C:515.326" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=37b8bc3782986052e19c5e811c90dd17&term_occur=1&term_src=Title:31:Subtitle:B:Chapter:V:Part:515:Subpart:C:515.326" rel="nofollow">persons</a> having access thereto but also of the <b><span style="color: #ff4d4d">lessors</span></b><span style="color: #ff4d4d">* </span><b><span style="color: #ff4d4d">of such boxes</span></b> whether or not such lessors have access to such boxes. The foregoing shall not in any way be regarded as a limitation upon the meaning of the term custody." </p><p><br /></p><p>I'd also like to know the effect of a Declaration of Martial Law (or an Executive Order) upon your original agreement with the financial institution renting the box.</p><p><br /></p><p>*banks and credit unions.</p><p><br /></p><p>=====================</p><p><br /></p><p>Regarding cost, I found that the Credit Union I selected in 2012 charges less than half as much for a box as my big, multi-state bank does.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 2614566, member: 38849"]There is a troubling paragraph in the Code of Federal Regulations, and until someone with authority tells me what it means, I'm not inclined to keep valuables in a safety deposit box; papers and memorabilia, yes -- valuables and/or collections, no. And for people who like to argue, don't argue with me, argue with your Congressman. That's what he gets paid for. [SIZE=6][B]31 CFR 515.326 - Custody of safe deposit boxes.[/B][/SIZE] § 515.326 [COLOR=#000000][URL='https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=3ca8ba4cce00b0baf4fa83dbcf1112f2&term_occur=1&term_src=Title:31:Subtitle:B:Chapter:V:Part:515:Subpart:C:515.326']Custody[/URL][/COLOR] of safe deposit boxes. "Safe deposit boxes shall be deemed to be in the custody not only of all [URL='https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=37b8bc3782986052e19c5e811c90dd17&term_occur=1&term_src=Title:31:Subtitle:B:Chapter:V:Part:515:Subpart:C:515.326']persons[/URL] having access thereto but also of the [B][COLOR=#ff4d4d]lessors[/COLOR][/B][COLOR=#ff4d4d]* [/COLOR][B][COLOR=#ff4d4d]of such boxes[/COLOR][/B] whether or not such lessors have access to such boxes. The foregoing shall not in any way be regarded as a limitation upon the meaning of the term custody." I'd also like to know the effect of a Declaration of Martial Law (or an Executive Order) upon your original agreement with the financial institution renting the box. *banks and credit unions. ===================== Regarding cost, I found that the Credit Union I selected in 2012 charges less than half as much for a box as my big, multi-state bank does.[/QUOTE]
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