Safe deposit boxes; provide escheatment process for.

Summary

The bill would force banks and other financial institutions in Mississippi to send written and electronic notice to customers whose safe‑deposit box rent is overdue for a year. If the rent isn’t paid within 60 days, the bank may open the box, inventory the items, and eventually transfer the contents to the State Treasurer for public sale after three years of unclaimed status. The measure aims to create a clear escheatment process for abandoned safe‑deposit boxes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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