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Session Laws, 1924
Volume 568, Page 973   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 973

CHAPTER 378.

AN ACT to repeal section 123 of Article 27 of the Code of Public
General Laws of Maryland (Bagby Edition) entitled
''Crimes and Punishments, " sub-title "False Pretenses, "
as re-enacted by Chapter 605 of the Acts of 1920.

(Vetoed. )

CHAPTER 379.

AN ACT to add a new section to Article 23 of the Annotated
Code of Maryland, title "Corporations, " sub-title "Safe
Deposit Companies, " said new section to be known as Sec-
tion 356A and to follow immediately after Section 356 of
said Article authorizing Safe Deposit Companies and other
Corporations or persons engaged in like business within
this State, to limit by contract their liability in certain re-
spects.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new section be and it is hereby added to Article
23 of the Annotated Code of Maryland, title "Corporations, "
sub-title "Safe Deposit Companies, " said new section to be
known as Section 356 A, to follow immediately after Section
356 of said Article and to read as follows:

356 A. Any Safe Deposit Company engaged in the business
of renting out locked boxes or safes for storage or safe-keeping
of securities and valuables in a vault in its building, or under
its control, within this State, or other corporation or individual
engaged in such business, may in any lease or contract govern-
ing or regulating the use of any such box or safe to or by any
customer or customers, limit its liability as such lessor or
bailee in all or any of the following respects:

Limit its total liability for any loss by negligence to such
maximum amount as may be so stipulated, not less however
than five hundred times the annual rental of such box or safe.

2. Stipulate that it shall in no event be liable for loss of
money, jewelry or such other articles as may be so excepted
against in such lease or contract.

3. Stipulate that evidence tending to prove that securities,
money, valuables or other articles were left in any such box or
safe upon the last entry by such customer or his authorized
agent, and that the same or any part thereof were found miss-

 

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Session Laws, 1924
Volume 568, Page 973   View pdf image (33K)
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