Minnesota § 55.12 - LIABILITY MAY BE LIMITED

Full text of Minnesota Minnesota Statutes § 55.12 — LIABILITY MAY BE LIMITED, with citation guidance and answers to common questions.

§ 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.

History:

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

Official Publication of the State of Minnesota
Revisor of Statutes

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Frequently Asked Questions About Minnesota § 55.12

What does Minnesota Statutes § 55.12 cover?

Section 55.12 ("LIABILITY MAY BE LIMITED") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Minnesota § 55.12?

A common citation format is "Minnesota Statutes § 55.12" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Minnesota law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.

How does Minnesota § 55.12 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.