SAFE DEPOSIT BOX POLICY

RENTAL AGREEMENT FOR SAFETY DEPOSIT BOXES:

The bank agrees to rent the safety deposit box to the tenant for a period of one year.  The signing of the safe deposit box lease by the tenant or (co-tenants) is the rental agreement.

1.  There may be one or more parties to the rental agreement; however, they must all be present at the time the agreement is signed.  If a one-person tenant of the safety deposit box requests to add one or more persons to his rental agreement the original tenant must be present at the time the added persons sign the rental agreement.

2.  As long as all parties have signed the rental agreement, any one of them who has the key may have access to the box.

3.  Safety Deposit Boxes are rented for a period of one year; the rent is payable one year in advance.

ACCESS TO SAFETY DEPOSIT BOX BY TENANT

Bank Employees Responsibilities:

1.  Tenant presents the key to the Bank employee and on proper identification or personal acquaintance of the person the employee removes the safety deposit box from the vault and furnishes a table for the tenant outside the vault.

2.  If you are not sure the tenant is allowed access to the box; check the rental agreement and request identification.

3.  In case of death of any tenant, access to the safety deposit box must be limited to:

a)  Co-tenant of the box (Ask for identification and check the rental agreement card).
b)  Personal representative (Ask for a certified copy of Letters Testamentary or Letters of Administration).
c)  Any person directed by a County Court Order (Ask for a certified copy of the Order).

4.  When the tenant has completed his or her business; the Bank employee returns the box to the vault, locks it and returns the key to the tenant.

5.  Bank employee logs the customer name, date, time, and box number in the Citizens State Bank Safety Deposit Box Entry Log.

SURRENDER OF SAFE DEPOSIT BOX

Bank Employees Responsibilities:

Any party listed as a holder may cancel the rental agreement.  To surrender the safe deposit box, one or all of the holders must sign the "Surrender Of Safe Deposit Box" on the Safe Deposit Box Lease.  This must be signed and dated by the bank employee conducting the transaction.  A notation should be made by the bank employee on the number of keys surrendered by the closing of the safe deposit box.

The 1997 North Dakota State Legislature passed SB 2072 repealing North Dakota Century Code 57-37.1-12-Duties of depositories-Inventory of contents of safe deposit box required and 57-37.1-13-Depositories-Notice of Transfer of decedent's assets.  As of August 1, 1997, these are no longer required for the State of North Dakota.

Safe Deposit Boxes	Deposit or loan customer	Small box Medium box Large box	$15.00/yr. $25.00/yr. $40.00/yr.
Safe Deposit Boxes	Non-deposit or loan customer	Small box Medium box Large box	$25.00/yr. $35.00/yr. $50.00/yr.
Safe Deposit Box Drilling	Customer pays for drilling