UAE Commercial Transactions Law

Article 501 — Article (501)

Book Three: Banking Transactions · Part Seven: Rental of Safe Deposit Boxes

1. The renter shall use the safe deposit box for the usual purposes, and shall pay the agreed-upon rent on the maturity dates. 2. The renter may not place in a safe deposit box any items detrimental to its safety or to the safety of the place wherein it is located. 3. Unless otherwise agreed with the bank, a renter may neither sublet the safe deposit box or part thereof, nor may assign the rental to third parties.

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