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DIVISION 1.1. BANKING 1000-1910›CHAPTER 17. Safe Deposit 1620-1651›ARTICLE 2. Remedies for Nonpayment of Rent 1630-1651

§ 1638

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

From the proceeds of any sale the bank shall deduct the amount set forth in such notice and any further charges which may have accrued since the mailing of the notice and shall record the balance of the proceeds, if any, on its books as a liability payable to the person in whose name the safe-deposit box was rented.

(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

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California Financial Code

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