2001 SESSION

01-2140

06/09

HOUSE BILL 1169

COMMITTEE: Commerce

ANALYSIS

This bill provides a procedure for terminating safe deposit box leases once the contents of the box have been removed and for pro rating the rental fee.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

01-2140

06/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand One

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 New Subdivision; Termination of Safe Deposit Box Leases. Amend RSA 385 by inserting after section 9 the following new subdivision:

Termination of Safe Deposit Box Leases

385:10 Notice and Rental Charges.

I. Subject to the provisions of RSA 86:72, the lessor of a safe deposit box, the joint renter when a safe deposit box is rented to 2 or more persons under a rental contract granting a separate right of access to either or any one of such persons, the surviving deputy under RSA 385:7, or the executor or administrator of the estate of the lessor may, once the contents of the box have been removed, terminate the lease without penalty or liability by giving notice in writing to the lessee or its agent at least 30 days prior to termination.

II. Upon receipt of notice of termination, the lessee shall pro-rate any rental amount due to the date of termination and the pro-rated amount shall be paid in full before the termination shall become effective. Any prepaid rental amount shall be pro-rated to the date of termination and shall be returned to the lessor, joint renters, deputy, executor, or administrator within 14 days of the date of termination.

2 Effective Date. This act shall take effect 60 days after its passage.