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- Preserving in safetySafekeeping is the act or process of preserving in safety or the state of being preserved in safety1. In law, safekeeping can arise in bailment, where property is placed in the custody and control of another, usually by agreement in which the holder (bailee) is responsible for the safekeeping and return of the property1. Safekeeping also protects detainees’ property from being stolen or damaged while in custody awaiting bail, trial or release2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Safekeeping Law and Legal Definition Safe keeping is the act or process of preserving in safety or the state of being preserved in safety.Safekeeping can arise in bailment, where property is placed in the custody and control of another, usually by agreement in which the holder (bailee) is responsible for the safekeeping and return of the property.
definitions.uslegal.com/s/safekeeping/Safekeeping protects detainees’ property from being stolen or damaged while in custody awaiting bail, trial or release. If the owner of a particular item in safekeeping cannot be identified, it remains in safekeeping for a period of time designated as a found item by the law enforcement agency.
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Jun 15, 2024 · Safekeeping is storing assets or items of value in a safe area, such as with a custodian or financial institution. Assets placed in safekeeping generally come with a safekeeping certificate.
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