2004 Minnesota Statutes

     55.12 Liability may be limited.  

    Any licensed safe deposit company may, in any lease or 
 contract governing or regulating the use of any safe deposit box 
 to or by any customer or customers, limit its liability as such 
 lessor or bailee in the following respects: 

    (1) limit its total liability for any loss by negligence to 
 such maximum amount as may be stipulated; and 

    (2) stipulate that it shall in no event be liable for loss 
 of such valuable property as may be excepted against in such 
 lease or contract.  

    HIST: (7747-12) 1933 c 340 s 12; 1945 c 114 s 13