362.487. Joint renters of safe deposit boxes authorized--surviving joint renter opens box, lessor's option not required to be present. - Missouri Statutes

Joint renters of safe deposit boxes authorized--surviving jointrenter opens box, lessor's option not required to be present.

362.487. 1. Any bank or trust company doing a safe depositbusiness and any safe deposit company owned by a bank or trustcompany may enter into a lease under which a safe deposit box isrented in the names of two or more persons, whether residents ornonresidents of this state, as joint renters. If the leaseprovides that one or more of such persons, or the survivorthereof, has access and entry to the box and the right to removethe contents whether the other renter or renters are living,mentally incapacitated or dead, the bank, trust company, or safedeposit company so renting the box, or upon the premises of whichthe box is located, shall not be liable for the removal of any ofthe contents of the box by the survivors thereof. No presumptionof ownership of the contents of any such box shall be deemed tobe created by the rental contract.

2. Notwithstanding any other provision of law to thecontrary, there is no presumption that the lessor has custody ofa will when the will is held in a jointly rented safe depositbox. At the lessor's option, the lessor's officers and employeesare not required to be present when the jointly rented safedeposit box is accessed by the surviving joint renter.

(L. 1975 S.B. 141 § 1, A.L. 1977 S.B. 420, A.L. 1981 S.B. 28, A.L. 1983 S.B. 44 & 45, A.L. 1994 H.B. 1312)