<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="12-604" title_number="12" title_name="Miscellaneous Institutions and Activities" subtitle_number="6" subtitle_name="Safe-Deposit Companies">
  <level label="a">
    <text>In a contract governing the use of a safe-deposit box by a customer, the safe-deposit company may limit its total liability for any loss resulting from its negligence to a maximum amount, which may not be less than 500 times the annual rental charged for the safe-deposit box.</text>
  </level>
  <level label="b">
    <text>The safe-deposit company may provide in the contract that it will not be liable for the loss of any money, jewelry, or other items specified in the contract for this purpose.</text>
  </level>
  <level label="c">
    <text>The safe-deposit company may provide in the contract that the fact that an item was left in a safe-deposit box by a customer and, on a subsequent entry by the customer to the safe-deposit box, the property was missing does not:</text>
    <level label="1">
      <text>Raise a presumption that the property was lost by any negligence or wrongdoing for which the safe-deposit company is responsible; or</text>
    </level>
    <level label="2">
      <text>Place on the safe-deposit company the burden of proving that the loss was not its fault.</text>
    </level>
  </level>
</section>
