Texas Order Granting Motion to Open Safe Deposit Box
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How to fill out Texas Order Granting Motion To Open Safe Deposit Box?
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FAQ
Dual control: Two peopleusually a bank employee and the renterare required to open the box. In this way, no one person can ever open the box and remove the contents. Authorized signature: When the safe deposit account is opened, all persons authorized to access the box sign a signature card.
A safe deposit box is a locked storage bin, usually in a vault or secure area, that banks and credit unions rent. Typically, customers receive a key, and must check in with a bank employee, who uses a second guard key in tandem with the customer's key, to unlock the box.
If you did not pay the annual fee on the safe deposit box, it likely would have been considered dormant once there was no activitysuch as payment of the feefor three to five years. The length of time necessary to declare a box dormant is defined by state statute.
The bottom line here is that depositing valuables in a bank safe deposit box is no guarantee that the items will be kept safe. If dishonest bank employees steal your items, you may not have legal recourse to get them back.
There are other creative avenues to pursue against a debtor who may or may not have liquid funds to satisfy a judgement, including issuing a subpoena with restraining notice to the debtor's bank and seizing the contents of his or her safe deposit box.
Safety deposit boxes are located in secure buildings with alarms, video cameras, and high-security locks. In most cases, a bank employee must be with you to retrieve the box. Each box should require two keys (yours and a bank employee's), and the most secure boxes are in separate areas, away from the bank entrance.
Safe deposit boxes can provide individuals with confidence that important documents and valuable or prized possessions will be kept safe from loss, accidental destruction, and theft. However, courts do have the authority to issue an order requiring a bank to freeze, or open, a person's safe deposit box.
