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What will happen to the contents of my safe deposit box if I fail to pay my annual safe deposit box fees?

April 26, 2017annual Box Contents deposit fail fees pay safe

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What will happen to the contents of my safe deposit box if I fail to pay my annual safe deposit box fees?

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The contents of your safe deposit box will be turned over to the State Controller after three years, and all items of monetary value will be sold at auction. The proceeds from the sale will be credited to an account in your name, less any bank liens, and will be paid when you or your heirs submit a valid claim.