55.01 DEFINITIONS.
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/mn/chapter-55/55-01A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
55.01 DEFINITIONS.
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Subdivision 1. Scope.
Unless the language or context clearly indicates that a different meaning is intended, the following words, terms, and phrases shall, for the purposes of the laws of this state, be given the meanings subjoined to them.
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Subd. 2. Safe deposit box.
The words "safe deposit box" mean any box, safe, safe deposit box, receptacle, or any part or parts thereof, and any space in a vault, which may be used for the safekeeping and storage of valuable personal property.
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Subd. 3. Valuable personal property.
The words "valuable personal property" mean jewelry, plate, money, specie, bullion, stocks, bonds, valuable papers, or other personal property of value.
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Subd. 4. Person.
"Person" means an individual, partnership, unincorporated association or a corporation. "It" includes "he," "she," and "they."
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Subd. 5. Safe deposit company.
"Safe deposit company" means any person who lets out or rents, as lessor, for hire, safe deposit boxes, or space therein.