[Peter_Spaeth]

Originally Posted by BobC

Peter,

That's what I was alluding to in regards to something being held in one of these "vaults", where you are technically renting space to keep something of yours in, versus just sending or consigning something to a third party to do something with on your behalf. I was aware of the Mastro-Legendary situation, but didn't think this could also apply to items legally being stored in rented spaces at PWCC or Goldin. I'd addressed an earlier post to Adam also, but he only responded to you. Probably has me on ignore. LOL

Very curious now to see what he comes back to you with because I additonally asked if this has implications then for bank safe deposit boxes, or even people's apartments.

I'm not sure you're renting a specific space in one of those vaults, as opposed to just making a bailment to the vault owner to store your cards for you. Until someone corrects my interpretation of the UCC which seems clear on its face I am standing by it in terms of consignment vs. bailment and UCC filing requirements. I do agree safety deposit boxes and storage lockers are in a different category for the reason you are obtaining righs with respect to a specific space, like a lease.