17:16W-7. Other records, records retention
86 words·~1 min read·
/nj/title-17/chapter-16w/17-16w-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
7. A financial institution shall maintain records relating to safe deposit boxes, which records include access records, access agreements, lease agreements, signature cards, records of payment for the rental or use of the box, power of attorney and records of abandoned property, for a period of not less than six years after the date of termination of the lease or access agreement. Correspondence which is not included as a record shall be retained for not less than three years after the date of the correspondence.
L.1999,c.257,s.7.