UAE Commercial Transactions Law

Article 504 — Article (504)

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

Where the bank finds out that the safe deposit box is endangered or that it contains dangerous items, it shall forthwith notify the renter to report to the bank to either empty the box contents or remove the dangerous items therefrom. Where the renter fails to report on the given date, the bank may, under a Writ Petition, request the competent judge of the court in whose jurisdiction the bank is located to give permission to open the box in order to empty it or to remove such dangerous items therefrom, in the presence of any person assigned by the judge for such mission. A report on such procedure shall be drawn wherein the box contents shall be recorded. Where the danger threatening the safe deposit box is imminent, the bank may, at the risk of the bank, open the box and empty it or remove any dangerous items therefrom, without any notice or permission from the competent judge. Such procedure shall be performed by a committee consisting of at least (3) three of the bank officers, and a report to that effect shall be drawn up and a copy thereof shall be communicated to the customer.

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