Notwithstanding the provision of Article 474 of Federal Law No. 18 of 1993 on Commercial Transactions, the dormancy definition shall apply as follows:
Where charges for a safe deposit box remain outstanding for a period of more than 3 years and the Bank has not received a reply from the Safe Deposit Box tenant, or the tenant has not made alternative arrangements in relation to the Safe Deposit Box.
To comply with the above, the customer does not have another active account with the same Bank (liability or assets). Safe Deposit Box operations by nominees is not sufficient for maintaining them as active in status.