UAE Commercial Transactions Law

Article 502 — Article (502)

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

1. Unless otherwise agreed, when a safe deposit box is rented out to several renters, any one of them may use it separately. 2. Where a renter dies, the bank may only, after becoming aware of the death, give permission for the safe deposit box to be opened with the approval of all parties concerned or based on a court decision.

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