1. In safekeeping the securities deposited with it, the bank shall exercise such care as is exercised by a depository who receives remuneration and shall take to that effect all the precautionary measures as is required in the banking customs. Any agreement relieving the bank from such obligations shall be null and void. 2. The bank shall be held liable for the destruction or theft of such securities, save where such destruction or theft has resulted from a force majeure event.
Interpretation and application must be checked against the official text and current version.