REFERENCE TITLE: technical correction; safe deposit; tenancy

State of Arizona

House of Representatives

Fifty-fifth Legislature

First Regular Session

2021

HB 2554

Introduced by

Representative Weninger

AN ACT

amending section 6-1004, Arizona revised statutes; relating to safe deposit repositories.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 6-1004, Arizona Revised Statutes, is amended to read:

START_STATUTE6-1004.  Tenancy in two or more names

A tenancy in a safe deposit repository may be created by contract with two or more persons, including minors, named as lessees.  The terms of the contract may provide that any one or more of the lessees,  or the survivor or survivors of the lessees shall have access and entry to the repository and the right to remove the contents from the repository whether the other lessee or lessees be are living, incompetent or dead, and the lessor shall not be liable for the removal of any contents. END_STATUTE