POWERS — Minnesota Code § 55.02
Minnesota Code § 55.02 — POWERS. Reproduced from the official Minnesota Statutes, with a citation summary, verification link, and related provisions.
§ 55.02. POWERS
Any safe deposit company which complies with the provisions of this chapter shall have power:
(1) to let out or rent as lessor, for hire, safe deposit boxes, upon such terms and for such compensation as may be agreed upon by such safe deposit company and the lessee; and
(2) to take and receive valuable personal property for safekeeping and storage, as bailee, for hire, upon such terms and for such compensation as may be agreed upon by such safe deposit company and the bailor. No such safe deposit company shall make any loans or advances upon any valuable personal property so left with it for safekeeping and storage.
History:
(7747-2) 1933 c 340 s 2; 1945 c 114 s 2
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
At a glance
- Citation: Minnesota Statutes § 55.02
- Jurisdiction: Minnesota
- Code: Minnesota Statutes
- Subject: POWERS
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Minnesota Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Minnesota attorney.
Common questions
What is the source of Minnesota Statutes § 55.02?
The text above is transcribed from the Minnesota Statutes, the codified statutes of Minnesota. The official publisher link appears under "Verify the text" on this page.
What subject does Minnesota Statutes § 55.02 address?
It addresses "POWERS". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Minnesota Statutes § 55.02 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Minnesota source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Minnesota law to your facts requires a licensed Minnesota attorney who can review the specifics.