Current through Register Vol. 54, No. 45, November 9, 2024
Section 93.2 - Applicability and construction(a) This subchapter may not apply to corporations, municipalities, governmental and political subdivisions and agencies, churches, lodges, eleemosynary associations or corporations or fiduciaries where boxes, rented in the names of the entities, are never used for the deposit of personal assets of those having access to the boxes. No financial institution may be liable for unauthorized entry unless it has knowledge of the use of the box for personal assets of those having access to the boxes. If an agent, deputy or person in a capacity has the right of access to a safe deposit box, the provisions of § 93.22 (relating to duties of institution, agent or deputy having access to box), shall be applicable.(b) This subchapter is applicable as provided in the following examples, except that this subchapter may not be construed to be limited by the examples: (1) If the box is registered in a partnership, fictitious or trade name, or the like, where the decedent had the right of entry either as principal or as deputy or agent.(2) If the box is registered in an assumed or maiden name, or the like, where the decedent had the right of entry otherwise than as deputy or agent.(c) This subchapter may not be construed to confer upon a person the right of entering into a safe deposit box of a decedent which he does not otherwise have.(d) Effective February 1, 1982, the Department is replacing existing inheritance tax report forms with new, self-assessing inheritance tax returns and schedules, Form REV-1500. After July 1, 1982, the Department will accept only Form REV-1500. The returns for decedents' estates in which the date of death is after January 31, 1982 shall be filed on the new form REV-1500; however, the Department will permit estates which are in the process of preparing tax returns on the old form as of January 31, 1982 to file that return, if such returns are filed prior to July 1, 1982.The provisions of this §93.2 amended March 5, 1982, effective 3/6/1982, 12 Pa.B. 877.